Belize: 2017 Article IV Consultation-Press Release; Staff Report; Informational Annex; Statement by the Executive Director for Belize

International Monetary Fund

No 2017/286, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights that adverse developments negatively impacted the Belizean economy in 2016, with strong expansion of tourism the only bright spot. Output is estimated to have contracted by 0.8 percent in 2016, reflecting a continued slowdown in oil production and agriculture. Fish and citrus production were hit by diseases. Growth in tourism was facilitated by improved airlift, marketing and new foreign direct investment projects. Unemployment increased to 11.1 percent in September 2016, from 10.2 percent a year earlier. Growth is projected at just under 2 percent over the medium term.

Keywords: ISCR; CR; Belize; bank balance balance sheet; agreement; debt service; rate; envisaged tightening; Belize's authorities; natural resource; cash flow; CBR problem; macroeconomic outlook; Belize's economy; screening solution; Belize authorities; long-term growth potential; loan portfolio; Public sector; Fiscal stance; Caribbean; Global (search for similar items in EconPapers)
Pages: 70
Date: 2017-09-19
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=45264 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/286

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().