Title Belize : 2009 Article IV consultation : staff report : public information notice on the Executive Board discussion : and statement by the Executive Director for Belize

Published [Washington, D.C.] : International Monetary Fund, ©2009

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Description 1 online resource : illustrations Series IMF country report ; no. 09/155 IMF country report ; no. 09/155. Contents Cover; Contents; I. Background; II. Recent Developments and Outlook; III. Policy Discussions; A. Addressing Near-Term Risks; B. Policies to Strengthen Fiscal Sustainability; C. Reforms to Reinvigorate Growth; D. External Stability Issues; IV. Staff Appraisal; Boxes; 1. Emergency Natural Disaster Assistance; 2. Key Public Sector Programs; 3. Capital Controls; Figures; 1. Real Sector Developments; 2. Fiscal Indicators, FY 1998/99-FY 2008/09; 3. Monetary Developments; 4. Current Account and External Vulnerability; Tables; 1. Selected Economic Indicators 2a. Operations of the Central Government (In million of Belize dollars)2b. Operations of the Central Government (In percent of GDP); 3. Operations of the Banking System, 2006-09 (Baseline Scenario); 4. Balance of Payments, 2006-14 (Baseline Scenario); 5. Summary of Macroeconomic Scenarios; 6a. Medium-Term Outlook, 2006-14 (Baseline Scenario); 6b. Medium-Term Outlook, 2006-14 (Active Scenario); Appendices; I. Debt Sustainability Analysis; Appendix Tables; I.1. Public Sector Debt Sustainability Framework, 2003-14 (Baseline Scenario); Appendix Figures I.1. Public Debt Sustainability: Bound Tests (Baseline Scenario)I.2. External Debt Sustainability Framework, 2003-14 (Baseline Scenario); I.2. External Debt Sustainability: Bound Tests (Baseline Scenario); I.3. Public Sector Debt Sustainability Framework, 2003-14 (Active Scenario); I.3. Public Debt Sustainability: Bound Tests (Active Scenario); I.4. External Debt Sustainability Framework, 2003-14 (Active Scenario); I.4. External Debt Sustainability: Bound Tests (Active Scenario); II. Assessment of External Stability; II. Background and Summary of Appendices; Contents; Appendices I. Fund RelationsII. Relations with the World Bank Group; III. Relations with the Inter-American Development Bank; IV. Relations with the Caribbean Development Bank; V. Statistical Issues Summary 1. Belize's macroeconomic performance has been uneven in recent years. Belize, a small open economy, with a narrow export base, is vulnerable to exogenous shocks. Since 2005, growth in the traditional sectors of the economy has decelerated, reflecting structural weaknesses and the impact of severe weather-related shocks during 2007-08, which contributed to output losses, mostly in agriculture, and damaged infrastructure (Box 1). Starting in 2006, petroleum extraction has been a major factor contributing to growth, and in 2008 accounted for 5 1/2 percent of GDP. Domestic price inflation, which has been low historically, rose to nearly 10 percent by mid-2008-driven largely by food and fuel prices Notes Cover title "May 2009." English Print version record Subject International Monetary Fund -- Belize SUBJECT International Monetary Fund fast Subject Risk management -- Belize Fiscal policy -- Belize Economic development -- Belize Foreign exchange rates -- Belize Economic development Economic history Economic policy Fiscal policy Foreign exchange rates Risk management SUBJECT Belize -- Economic conditions Belize -- Economic policy Subject Belize Form Electronic book Author International Monetary Fund. ISBN 128088911X 9781280889110 9781451985696 145198569X 1462354521 9781462354528 1451877676 9781451877670 9786613730428 6613730424 9781451805581 1451805586

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