European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Background; II. Recent Developments and Near-Term Outlook; Boxes; 1. Oil Management Fund; III. Policies to Enhance Sustainability; A. External Stability Issues; 2. Equilibrium Exchange Rate Assessment; B. Resuming Fiscal Consolidation; C. Structural Reforms to Support Fiscal Management; D. Toward a More Flexible Liquidity Management Framework; 3. Key Features of the Monetary System; IV. Staff Appraisal; Figures; 1. Real Sector Developments; 2. Fiscal Indicators; 3. Monetary Developments; 4. Current Account and External Vulnerability; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (57 p.)
Specific Material Designation
Form Of Item

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