Belize: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion by the Executive Director for Belize
International Monetary Fund, Mar 6, 2008 - Business & Economics - 56 pages
Belize’s near-term macroeconomic prospects have improved over the past year. The main risks to growth and financial stability arise from fiscal challenges and deterioration in the global outlook. Despite data limitations that constrain the analysis, the Belize dollar appears broadly in line with fundamentals, and the external accounts are not a threat to external stability. Progress in consolidating the public sector’s financial position needs to continue. A front-loaded fiscal adjustment is necessary to lower Belize’s debt ratios and regain market access.
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Belize: 2008 Article IV Consultation - Staff Report; and Public Information ...
Limited preview - 2008
Active Scenario amortization Bank of Belize Baseline Scenario basis points Belize dollar Belize’s Bilateral and export borrowing rate percent Bound Tests budget Caribbean Development Bank Central Bank Central government constant primary balance contribution from real Current account balance debt exchange operation debt in percent disbursements Domestic debt estimates and projections exchange rate changes ﬁnancial Fiscal Fund staff estimates GDP deflator GDP growth rate Growth shock guaranteed external debt Hurricane Dean International Monetary Fund LIBOR macroeconomic millions of U.S. months of imports Multilateral Nominal GDP nominal interest rate non-interest current account oil revenue operation in 2007 Overall balance percent of GDP period debt stock previous period debt primary surplus private sector Public and publicly public debt Public sector debt publicly guaranteed debt publicly guaranteed external real GDP growth real interest rate reserve requirements Revenue and grants shock in percent standard deviation 90.2 standard deviation shocks U.S. dollar terms