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Belize: Selected Issues

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2016. "Belize: Selected Issues," IMF Staff Country Reports 2016/335, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2016/335
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    as
    1. Mr. Dong He & Mr. Karl F Habermeier & Mr. Ross B Leckow & Mr. V. Haksar & Ms. Yasmin Almeida & Ms. Mikari Kashima & Mr. Nadim Kyriakos-Saad & Ms. Hiroko Oura & Tahsin Saadi Sedik & Natalia Stetsenko &, 2016. "Virtual Currencies and Beyond: Initial Considerations," IMF Staff Discussion Notes 2016/003, International Monetary Fund.
    2. Dong He & Karl F Habermeier & Ross B Leckow & Vikram Haksar & Yasmin Almeida & Mikari Kashima & Nadim Kyriakos-Saad & Hiroko Oura & Tahsin Saadi Sedik & Natalia Stetsenko & Concha Verdugo Yepes, 2016. "Virtual Currencies and Beyond; Initial Considerations," IMF Staff Discussion Notes 16/3, International Monetary Fund.
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