Belize: 2008 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion by the Executive Director for Belize

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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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Contents

I BACKGROUND
2
II RECENT DEVELOPMENTS AND NEARTERM OUTLOOK
3
III POLICIES TO ENHANCE SUSTAINABILITY
11
IV STAFF APPRAISAL
APPENDIX I BACKGROUND AND SUMMARY OF APPENDICES
APPENDIX II DEBT SUSTAINABILITY ANALYSIS
B Assessment
Contents
Appendix I BelizeFund Relations
Appendix II BelizeRelations with the World Bank Group
Appendix III BelizeRelations with the InterAmerican Development Bank
Appendix IV BelizeRelations with the Caribbean Development Bank CDB
Appendix V BelizeStatistical Issues
IMF Executive Board Concludes 2008 Article IV Consultation with Belize
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