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Belize: Selected Issues and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 370
Language:
English
Publication Date:
20 Oct 2006
DOI:
https://doi.org/10.5089/9781451805543.002
ISBN:
9781451805543
ISSN:
1934-7685
Pages:
85
Keywords:
ISCR; CR; current account; loan; debt management office; ACP country; IAIS insurance core principle; REER index; bank supervisor; loan portfolio; equilibrium exchange rate path; unit-labor-cost-based REER; exchange rate peg; Agricultural commodities; Government debt management; Loans; Commercial banks; Real exchange rates; Caribbean
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The erosion of EU trade preferences for bananas and sugar will have immediate negative implications for Belize’s economy. This paper suggests ways to enhance public debt management in Belize. The vulnerability of the banking sector appears relatively modest. However, the current level of loan-loss provisions and collateral valuation rules are not up to the international standards. Important steps have been taken to further improve compliance with the Basel Core Principles. The importance of debt-service reduction through sound macroeconomic policies is highlighted.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund