Belize: 2022 Article IV Consultation-Press Release; and Staff Report

International Monetary Fund

No 2022/133, IMF Staff Country Reports from International Monetary Fund

Abstract: The COVID-19 pandemic had a severe impact on Belize in 2020, leading to a 16.7 percent contraction in real GDP and a rise in public debt to an unsustainable level of 133 percent of GDP. To address this situation, the government presented a medium-term plan to lower public debt to 85 percent of GDP in 2025 and 70 percent in 2030 by implementing fiscal consolidation, structural reforms, and debt restructuring. Significant progress towards restoring debt sustainability was made in 2021.

Keywords: expenditure measure; PFM legislation; policy priority; calendar year GDP; central bank of Belize; Policy discussion; IMF team; Fiscal consolidation; Fiscal stance; Global; Caribbean (search for similar items in EconPapers)
Pages: 64
Date: 2022-05-10
New Economics Papers: this item is included in nep-dem and nep-mac
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