03509oam 22009254 450 991015174510332120230808200325.01-4755-4801-X1-4755-4805-2(CKB)3710000000952155(MiAaPQ)EBC4745293(IMF)1BLZEA2016004(EXLCZ)99371000000095215520020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierBelize : Selected IssuesWashington, D.C. :International Monetary Fund,2016.1 online resource (62 pages) illustrations, tablesIMF Staff Country Reports1-4755-4799-4 Includes bibliographical references.This Selected Issues paper analyzes macro-financial linkages for Belize. The banking system in Belize is facing significant challenges that could have a negative impact on the wider economy. Under adverse scenarios, the loss of correspondent banking relationships (CBRs) could have a sizeable impact on Belize’s economy and financial stability as fewer CBRs, different local banks’ business models, or stricter due diligence requirements could kick many economic agents out of formal trade and finance channels. Threats to the financial system, including those related to money laundering and terrorist financing, should be tackled on multiple fronts, including through closer coordination with regional and global public and private partners.IMF Staff Country Reports; Country Report ;No. 2016/335Banks and bankingBelizeBank loansBelizeBanks and BankingimfIndustries: Financial ServicesimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfInternational Lending and Debt ProblemsimfBankingimfFinanceimfInternational bankingimfCommercial banksimfForeign banksimfCorrespondent bankingimfFinancial institutionsimfFinancial servicesimfLoansimfBank depositsimfBanks and bankingimfInternational financeimfBanks and banking, ForeignimfCorrespondent banksimfBelizeimfBanks and bankingBank loansBanks and BankingIndustries: Financial ServicesBanksDepository InstitutionsMicro Finance InstitutionsMortgagesInternational Lending and Debt ProblemsBankingFinanceInternational bankingCommercial banksForeign banksCorrespondent bankingFinancial institutionsFinancial servicesLoansBank depositsBanks and bankingInternational financeBanks and banking, ForeignCorrespondent banks332.1DcWaIMFBOOK9910151745103321Belize1187294UNINA