Belize: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2001/152, IMF Staff Country Reports from International Monetary Fund

Abstract: The authorities' economic policy seeks to sustain strong economic growth mainly through low taxes, large public investment, and the provision of credit to the private sector through the state-owned Development Finance Corporation (DFC). The authorities expect the resulting high rate of economic growth to generate sufficient fiscal resources to reduce the public sector deficit and service the rapidly accumulating external public debt. Executive Directors welcomed the authorities' intention to reduce excess liquidity to help secure the sustainability of the exchange rate.

Keywords: ISCR; CR; deficit; authority; DFC credit expansion; DFC portfolio; DFC collection activity; DFC operation; private-sector banking system; Public sector; Loans; Credit; Central America; Caribbean (search for similar items in EconPapers)
Pages: 42
Date: 2001-08-24
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