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Belize: 2005 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 352
Language:
English
Publication Date:
30 Sep 2005
DOI:
https://doi.org/10.5089/9781451805512.002
ISBN:
9781451805512
ISSN:
1934-7685
Pages:
47
Keywords:
ISCR; CR; year-on-year CPI inflation; staff concern; authority; staff appraisal; authorities' goal; monetary policy; Debt service; Public sector; Caribbean
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This 2005 Article IV Consultation highlights that the Belizean economy grew by 4½ percent in 2004, mainly reflecting strong performance in the agriculture, fisheries, and tourism sectors. Inflation remained subdued at about 3 percent. The overall fiscal deficit of the central government, however, widened to 8¾ percent of GDP in FY04/05. Executive Directors have underscored the urgency of addressing these imbalances to safeguard the country’s international reserves and ensure the sustainability of the pegged exchange rate system.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund