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Belize: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 353
Language:
English
Publication Date:
30 Sep 2005
DOI:
https://doi.org/10.5089/9781451805529.002
ISBN:
9781451805529
ISSN:
1934-7685
Pages:
75
Keywords:
ISCR; CR; U.S. dollar; exchange rate; foreign currency; private sector; debt service; put option; vis-à-vis nonresident; capital expenditure; trade credit; nominal GDP; central bank of Belize; Agricultural commodities; Commercial banks; Exports; Caribbean; Central America; North America
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This Selected Issues paper on Belize reviews the external competitiveness, balance sheet currency mismatch, and public sector debt. Belize is a small, open economy and highly dependent on external trade. Real wages in the private sector have increased only slightly. Belize’s exports of commodities grew strongly in volume terms during the last 10 years. The currency mismatch and liquidity pressures point to a growing exchange rate risk. Belize would have to maintain a significant primary fiscal surplus to reduce indebtedness over the medium term.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund