Cover IMF Staff Country Reports
Belize: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Belize
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2009: Issue 155
Language:
English
Publication Date:
20 May 2009
DOI:
https://doi.org/10.5089/9781451805581.002
ISBN:
9781451805581
ISSN:
1934-7685
Pages:
59
Keywords:
ISCR; CR; inflation; authority; Belize; deficit; price inflation; Belize authorities; debt restructuring agreement; Belize well; revenue side; Public sector; International reserves; Oil; gas and mining taxes; Global
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Belize’s economy is projected to decelerate in 2009 owing to the global downturn. Real GDP growth is projected at 1 percent, reflecting the impact of declining tourism, remittances, and foreign direct investment inflows. Executive Directors have welcomed the broadly favorable economic performance in 2008, and have commended the authorities’ commitment to pursue sound macroeconomic and financial sector policies to manage near-term risks. Directors have also emphasized that strong macroeconomic policies are necessary to underpin this exchange rate regime and help raise international reserves to a comfortable level.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund