| Description |
1 online resource (84 pages) : color illustrations |
| Series |
IMF Country Report, 1934-7685 ; No. 16/93 |
|
IMF country report ; no. 16/93.
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| Contents |
A review of recent efforts to strengthen Belize's financial sector -- Can Belize cope with the new world sugar market? -- Belize's energy sector: challenges and opportunities |
| Summary |
Belize's banking system has continued to strengthen since the 2014 Article IV Consultation in June 2014. Non-performing loans (NPLs) continue to decline and their provisioning continues to improve. The banking systems' ability to absorb losses continues to move in the right direction. Some banks reported losses recently because of higher expenses on provisioning, loan write-offs, and inability to make profitable use of abundant liquidity in the system. The sugar sector makes a very important contribution to Belize's economy. In Northern Belize, where most sugarcane is grown, about 85 percent of the population depends on the sugar sector. The sector is estimated to account for about 4−5 percent of GDP, 9−10 percent of total exports, 8 percent of employment and 5−6 percent of foreign exchange earnings. In addition, sugarcane ("bagasse") is a source of input into electricity co-generation, which supplies 15 percent of the economy's electricity needs. Belize's demand for energy has significantly increased in recent years, along with its dependence on imported energy. Energy consumption increased fourfold during 1980−2012, a consequence of a steady expansion of the economy. Imported energy, essentially fuel products and electricity, grew rapidly during the same period. Imported fuel increased 117 percent during 1980−2013 and net imports of electricity rose 47 percent during 2001−13 |
| Notes |
"March 2016." |
|
"September 1, 2015; prepared by Jacques Bouhga-Hagbe, Joel Okwuokei, Marcio Ronci, Kalin Tintchev."--Page 2 of pdf |
| Bibliography |
Includes bibliographical references |
| Notes |
Online resource; title from pdf title page (IMF.org website, viewed May 3, 2016) |
| Subject |
International Monetary Fund -- Belize
|
| SUBJECT |
International Monetary Fund. fast (OCoLC)fst00556666 |
| Subject |
Banks and banking -- Belize
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Bank loans -- Belize
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Sugar trade -- Belize
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Energy industries -- Economic aspects -- Belize
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Economic development -- Belize
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Bank loans.
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Banks and banking.
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Economic development.
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Energy industries -- Economic aspects.
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Sugar trade.
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Belize.
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| Form |
Electronic book
|
| Author |
Bouhga-Hagbe, Jacques., (IMF staff), author
|
|
Okwuokei, Joel Chiedu., (IMF staff), author
|
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Ronci, Márcio Valério., (IMF staff), author
|
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Tintchev, Kalin., (IMF staff), author
|
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International Monetary Fund, issuing body.
|
| ISBN |
1475548850 |
|
9781475548853 |
| ISSN |
1934-7685 |
|
