Belize: Selected Issues

March 6, 2008

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Format: Chicago

Belize: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

Belize should reduce debt ratios to comfortable levels for smooth market access, and reduce liquidity risks by stabilizing debt service. Streamlined management of the oil fund should be considered. Fiscal measures should compensate for the loss of oil revenues in the budget and avoid new borrowing. This note explores alternative measures of reserves adequacy and concludes that a reserves target of three months of imports is a reasonable benchmark. Reforms enabling more effective liquidity management involve removing the ceilings and moving to market-based interest rates.

Subject: Commodities, External debt, Financial institutions, Government securities, Imports, International trade, Oil, Oil, gas and mining taxes, Taxes

Keywords: Adequacy benchmark, Belize, Caribbean, CBB profit, Central America, Cost, CR, Debt, Debt ratio, Gas and mining taxes, GDP ratio, Government securities, Imports, ISCR, Oil, Oil revenue, Petroleum revenue management fund, Reserves adequacy

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/092
Stock No:

1BLZEA2008002
ISBN:

9781451805567
ISSN:

1934-7685

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