European Parliament Library

Belize :, Staff Report for the 2013 Article IV Consultation

Abstract
This IMF staff report on Belize’s 2013 Article IV Consultation highlights economic developments and macroeconomic outlook. Macroeconomic developments in 2012 were underpinned by robust output growth but clouded by uncertainties surrounding the debt restructuring and growth prospects of major trading partners. New provisioning, and loan classification standards implemented by the central bank at end-2011 have resulted in declining nonperforming loans (NPLs) in the banking system and improving provisioning. NPLs remain high at 20 percent of total loans at end-2012, with heavy concentration in one domestic and some international banks. In compliance with the new prudential measures, banks have been required to write off bad loans within 3–5 years
Table Of Contents
Cover; CONTENTS; OVERVIEW; RECENT ECONOMIC DEVELOPMENTS; MACROECONOMIC OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Policy Framework to Contain Fiscal Risks and Enhance Debt Management; B. Financial Sector-Maintaining Reform Momentum and Addressing Vulnerabilities; C. External Stability-Exchange Rate and Competitiveness; D. Data Provision; STAFF APPRAISAL; BOXES; 1. Tax Reform for Growth, Fairness, and Sustainable Revenues; 2. Medium-Term Debt Strategy; 3. Financial Sector Reform Agenda; 4. The Authorities' Response to Past IMF Policy Recommendations; FIGURES; 1. Real Sector Developments
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (68 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484387108

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