Belize: 2005 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2005/352, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2005 Article IV Consultation highlights that the Belizean economy grew by 4½ percent in 2004, mainly reflecting strong performance in the agriculture, fisheries, and tourism sectors. Inflation remained subdued at about 3 percent. The overall fiscal deficit of the central government, however, widened to 8¾ percent of GDP in FY04/05. Executive Directors have underscored the urgency of addressing these imbalances to safeguard the country’s international reserves and ensure the sustainability of the pegged exchange rate system.

Keywords: ISCR; CR; year-on-year CPI inflation; staff concern; authority; staff appraisal; authorities' goal; monetary policy; Debt service; Public sector; Caribbean (search for similar items in EconPapers)
Pages: 47
Date: 2005-09-30
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