Belize: Use of Fund Resources: Request for Emergency Assistance: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Belize

International Monetary Fund

No 2009/069, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for Belize’s use of Fund Resources and Request for Emergency Assistance is examined. Economic growth has been sustained largely by rising oil production, while inflation has remained under control. Despite rising oil production, economic growth has been low in 2007, in part because of the impact of Hurricane Dean. The authorities are confident that the banking system is stable and adequately capitalized, and largely insulated from international market turmoil.

Keywords: ISCR; CR; IMF financial support; emergency assistance from the IMF; financial support; balance of payments impact; projections show; financial market turmoil; Natural disasters; Emergency assistance; Debt service; Global; Caribbean (search for similar items in EconPapers)
Pages: 27
Date: 2009-02-24
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