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Author: International Monetary Fund. Western Hemisphere Dept. Publisher: International Monetary Fund ISBN: 1513522140 Category : Business & Economics Languages : en Pages : 33
Book Description
This Selected Issues paper provides an overview of Belize’s tourism sector and main achievements and discusses the country’s comparative advantages and bottlenecks in tourism. It also analyzes the impact of structural and institutional reforms on tourist arrivals. The outturns in tourism have significantly exceeded targets set in the authorities’ National Sustainable Tourism Masterplan (NSTMP). The implementation of the NSTMP reforms has supported the tourism sector’s expansion. In order to guide the development of the tourism sector, the NSTMP 2011 proposes reforms and targets to propel Belize into an internationally recognized tourist destination by 2030. The emergence of the shared economy business model has also brought new challenges, in addition to opportunities. The benefits of the peer-to-peer accommodation available to customers on digital platforms include the expansion of tourism product, service, and sector offerings; improved access to market; and opportunities for income generation. It is imperative that reforms in the near term should focus on addressing the impact of recurring natural hazards, infrastructure bottlenecks, fortifying the institutional and governance framework, reducing crime, and mitigating concerns relating to the shared economy.
Author: International Monetary Fund. Western Hemisphere Dept. Publisher: International Monetary Fund ISBN: 1513522140 Category : Business & Economics Languages : en Pages : 33
Book Description
This Selected Issues paper provides an overview of Belize’s tourism sector and main achievements and discusses the country’s comparative advantages and bottlenecks in tourism. It also analyzes the impact of structural and institutional reforms on tourist arrivals. The outturns in tourism have significantly exceeded targets set in the authorities’ National Sustainable Tourism Masterplan (NSTMP). The implementation of the NSTMP reforms has supported the tourism sector’s expansion. In order to guide the development of the tourism sector, the NSTMP 2011 proposes reforms and targets to propel Belize into an internationally recognized tourist destination by 2030. The emergence of the shared economy business model has also brought new challenges, in addition to opportunities. The benefits of the peer-to-peer accommodation available to customers on digital platforms include the expansion of tourism product, service, and sector offerings; improved access to market; and opportunities for income generation. It is imperative that reforms in the near term should focus on addressing the impact of recurring natural hazards, infrastructure bottlenecks, fortifying the institutional and governance framework, reducing crime, and mitigating concerns relating to the shared economy.
Author: International Monetary Fund. Western Hemisphere Dept. Publisher: International Monetary Fund ISBN: Category : Business & Economics Languages : en Pages : 20
Author: International Monetary Fund Publisher: INTERNATIONAL MONETARY FUND ISBN: 9781451805444 Category : Languages : en Pages : 40
Book Description
This paper provides background information and analysis of recent economic developments and relevant issues in Belize. The main differences between the high growth experiences in the late 1980s and during 1999-2000 are also discussed. The following statistical data are presented in detail: savings and accounts, main agricultural crops, acreage, and production; industrial production, operations of the central government, interest rates, treasury securities, consumer price index, principal domestic exports, sugar exports by destination, direction of trade, terms of trade, summary of tax system, and so on.
Author: International Monetary Fund. Western Hemisphere Dept. Publisher: International Monetary Fund ISBN: 1498306551 Category : Business & Economics Languages : en Pages : 67
Book Description
This Selected Issues paper assesses the current strength of the balance sheets of large banks in Belize and takes stock of progress made on the regulatory, supervisory, and crisis management frameworks since the 2011 Financial Sector Assessment Program (FSAP). The improvement in financial stability indicators was boosted by implementation of key FSAP recommendations. The Central Bank strengthened provisioning and loan classification standards. The new rules force banks to focus more on the borrower’s capacity to repay the loan rather than on the value of collaterals. The regulatory, supervisory, and crisis management frameworks as well as the financial infrastructure could be further strengthened. The supervision department of the Central Bank could be strengthened with examiners specializing in information technologies (IT) with the view of ensuring the integrity of banks’ IT systems. Asset quality reviews and forward-looking stress tests could complement current supervisory practices and improve Central Bank’s assessments of banks’ balance sheets.
Author: Bernhard Fritz-Krockow Publisher: INTERNATIONAL MONETARY FUND ISBN: 9781451805529 Category : Languages : en Pages : 73
Book Description
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.
Author: INTERNATIONAL MONETARY. FUND Publisher: ISBN: 9781475565256 Category : Languages : en Pages :
Book Description
This paper discusses three important sectors of Belize economy: financial, sugar market, and energy. Belize's banking system has continued to strengthen since the 2014 Article IV Consultation in June 2014. Despite recent improvements, some banks' balance sheets are still weak and exposed to adverse macroeconomic developments. The sugar sector makes a very important contribution to Belize's economy. The sector is estimated to account for about 4-5 percent of GDP, 9-10 percent of total exports, 8 percent of employment, and 5-6 percent of foreign exchange earnings. But the reform of EU sugar regi.
Author: International Monetary Fund. Western Hemisphere Dept.
Author: International Monetary Fund. Western Hemisphere Dept.
Author: International Monetary Fund. Western Hemisphere Dept.
Author: International Monetary Fund
Author: 
Author: International Monetary Fund. Western Hemisphere Dept.
Author: Ruben Atoyan
Author: Bernhard Fritz-Krockow
Author: Bernhard Fritz-Krockow
Author: Fonds monétaire international
Author: INTERNATIONAL MONETARY. FUND