IMF Staff Country Reports

Belize: Technical Assistance Report-Public Investment Management Assessment

Publication Date:

July 22, 2020

Electronic Access:

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Summary:

The level of public investment in Belize has varied over the past years in the context of existing constraints. The sharp increase in public debt has limited available fiscal space.1 This has resulted in an increase in externally financed investments as a share of the capital budget and a growing interest in public private partnerships (PPPs) to help achieve the government of Belize’s national strategy objectives.2 However, the correlation between Belize’s public investment and GDP growth remains weak, and the public capital stock as a ratio to GDP shows a sharp deterioration, possibly pointing to investment inefficiencies.

Series:

Country Report No. 2020/221

Subject:

Budget planning and preparation Capital budget Capital spending Expenditure Public financial management (PFM) Public investment and public-private partnerships (PPP) Public investment spending

Frequency:

regular