Belize: Selected Issues
Volume/Issue:
Volume 2005
Issue 353
Publication date: September 2005
ISBN: 9781451805529
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Banks and Banking , Exports and Imports , Public Finance , ISCR , CR , U , S , dollar , exchange rate , foreign currency , private sector , debt service , put option , vis-à-vis nonresident , capital expenditure , trade credit , nominal GDP , central bank of Belize , Agricultural commodities , Commercial banks , Exports , Caribbean , Central America , North America
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Summary
This Selected Issues paper on Belize reviews the external competitiveness, balance sheet currency mismatch, and public sector debt. Belize is a small, open economy and highly dependent on external trade. Real wages in the private sector have increased only slightly. Belize’s exports of commodities grew strongly in volume terms during the last 10 years. The currency mismatch and liquidity pressures point to a growing exchange rate risk. Belize would have to maintain a significant primary fiscal surplus to reduce indebtedness over the medium term.
