04975oam 22013934 450 991015174570332120200520144314.01-4755-4806-01-4755-4810-9(CKB)3710000000952149(MiAaPQ)EBC4745294(Au-PeEL)EBL4745294(CaPaEBR)ebr11299937(CaONFJC)MIL971135(OCoLC)948781841(IMF)1BLZEA2016003(EXLCZ)99371000000095214920020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierBelize : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Excutive Director for BelizeWashington, D.C. :International Monetary Fund,2016.1 online resource (74 pages) illustrations, tablesIMF Staff Country Reports1-4755-4798-6 This 2016 Article IV Consultation highlights that the economy of Belize is facing multiple challenges. GDP growth slowed to 1 percent in 2015 owing to falling oil production and reduced output in the primary commodity sectors, and turned to negative 1.5 percent in the first half of 2016 relative to the same period in 2015. The decline in oil and other commodity prices led to deflation in 2015. GDP is projected to decline by 1.5 percent in 2016. The current account deficit would slowly improve owing to a gradual recovery in major commodity exports, but would remain high, indicating a weak external position.IMF Staff Country Reports; Country Report ;No. 2016/334International Monetary FundInternational Monetary FundJamaicaEconomic developmentJamaicaFiscal policyJamaicaBanks and BankingimfExports and ImportsimfMacroeconomicsimfPublic FinanceimfIndustries: Financial ServicesimfForeign ExchangeimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfDebtimfDebt ManagementimfSovereign DebtimfFiscal PolicyimfInternational Lending and Debt ProblemsimfPublic EnterprisesimfPublic-Private EnterprisesimfTaxation, Subsidies, and Revenue: GeneralimfNational Government Expenditures and Related Policies: GeneralimfPublic finance & taxationimfBankingimfInternational economicsimfFinanceimfCivil service & public sectorimfPublic debtimfFiscal stanceimfLoansimfPublic sectorimfFiscal policyimfRevenue administrationimfEconomic sectorsimfExpenditureimfDebts, PublicimfBanks and bankingimfFinance, PublicimfRevenueimfExpenditures, PublicimfBelizeimfInternational Monetary Fund.International Monetary FundEconomic developmentFiscal policyBanks and BankingExports and ImportsMacroeconomicsPublic FinanceIndustries: Financial ServicesForeign ExchangeBanksDepository InstitutionsMicro Finance InstitutionsMortgagesDebtDebt ManagementSovereign DebtFiscal PolicyInternational Lending and Debt ProblemsPublic EnterprisesPublic-Private EnterprisesTaxation, Subsidies, and Revenue: GeneralNational Government Expenditures and Related Policies: GeneralPublic finance & taxationBankingInternational economicsFinanceCivil service & public sectorPublic debtFiscal stanceLoansPublic sectorFiscal policyRevenue administrationEconomic sectorsExpenditureDebts, PublicBanks and bankingFinance, PublicRevenueExpenditures, Public332.152DcWaIMFBOOK9910151745703321Belize1187294UNINA