Belize: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize

International Monetary Fund

No 2025/262, IMF Staff Country Reports from International Monetary Fund

Abstract: The 2025 Article IV Consultation discusses Belize has experienced a remarkable recovery following the pandemic. Growth is expected to be subdued in the near term before converging to its potential of 2 percent over the medium term, as tourism growth slows, reflecting capacity constraints, and commodity prices subside. Risks to the outlook include increased trade barriers and global trade policy uncertainty, higher-for-longer global interest rates, and natural disasters. Belize’s policy priorities include revenue mobilization and expenditure rationalization to raise the primary surplus, expand spending in priority areas, and build fiscal buffers by reducing public debt; improving access to finance; accelerating growth enhancing and structural reforms; and building resilience to natural disasters. Boosting per capita income requires addressing infrastructure gaps, improving the business climate, enhancing energy generation, and raising female labor force participation. Enhancing the financial safety net key to support financial stability, while expanding the private sector’s access to finance would boost investment.

Keywords: authorities of Belize; RBS implementation; policy priority; currency peg; government of Canada; Public sector; Fiscal stance; Anti-money laundering and combating the financing of terrorism (AML/CFT); Global; Caribbean; Central America (search for similar items in EconPapers)
Pages: 115
Date: 2025-09-15
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