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

September 30, 2005

Preview Citation

Format: Chicago

Belize: 2005 Article IV Consultation—Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2005) accessed November 25, 2024

Summary

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.

Subject: Debt service, Economic sectors, Expenditure, External debt, Public debt, Public sector

Keywords: Authorities' goal, Authority, Caribbean, CR, Debt service, ISCR, Monetary policy, Public sector, Staff appraisal, Staff concern, Year-on-year CPI inflation

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/352
Stock No:

1BLZEA2005001
ISBN:

9781451805512
ISSN:

1934-7685

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