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This 2019 Article IV Consultation with Belize focused on structural reforms to raise growth and social inclusion; strengthening resilience to natural disasters; balanced medium-term fiscal consolidation; tax reform; and strengthening financial oversight and anti-money laundering and combating the financing of terrorism actions. Public debt remains above 90 percent of gross domestic product, the current account deficit is projected to remain large over the medium term, and international reserves are just below three months of imports of goods and services. The pace of structural reform has been slow. Downside risks, including from slower US growth, natural disasters, crime, and renewed pressures on correspondent banking relationships could weaken growth and financial stability. Belize is adapting its tax regime in response to concerns from multilateral institutions regarding potentially harmful features. Sustaining Belize's recent economic expansion, spurring private investment, and facilitating structural diversification hinges on strengthening the business environment.

Belize --- Economic conditions. --- Balize --- Belice --- Government of Belize --- Wilisi --- Beliz --- Беліз --- Belisa --- Белиз --- Република Белиз --- Republika Beliz --- Commonwealth of Belize --- Μπελίζε --- Belizo --- Belici --- Belis --- Bheilís --- Veleesh --- Beilise --- בליז --- Beliza --- Belizas --- Белизе --- ベリーズ --- Berīzu --- Beles --- Bilisi --- Белізе --- Belizi --- Bhelizi --- Belise --- Belisän --- Beliis --- בעליזע --- בּעליז --- Belėzos --- 伯利兹 --- Bolizi --- British Honduras --- Fiscal policy.

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How does Empire operate in frontiers and borderlands during times of conflict? Empire on Edge reveals how British officials attempted during the second half of the nineteenth century to understand and impose order on northern Belize, an area that was both a frontier of colonial power and the locus of a disputed border with Mexico. Their efforts were complicated by the local ramifications of Yucatán's Caste War (1847-1901), a long-lasting, violent struggle between segments of the indigenous Maya in southeast Mexico and the Mexican state. The book also illuminates how people subject to these efforts, especially the Hispanic and various Maya groups, sought to thwart them by building alliances across seemingly firm lines of racial and ethnic division. Along the way, important questions are raised about the dissonance between colonial and imperial projects, the nature of frontiers and borderlands, and the local effects of disputes between bordering countries.

Mayas --- Maya Indians --- Mayans --- Indians of Central America --- Indians of Mexico --- Wars --- Belize --- Great Britain --- Yucatán (Mexico : State) --- History --- Colonies --- Administration --- Boundaries --- Yucatán (Mexico : Province) --- Quintana Roo (Mexico : State) --- Balize --- Belice --- Government of Belize --- Wilisi --- Beliz --- Беліз --- Belisa --- Белиз --- Република Белиз --- Republika Beliz --- Commonwealth of Belize --- Μπελίζε --- Belizo --- Belici --- Belis --- Bheilís --- Veleesh --- Beilise --- בליז --- Beliza --- Belizas --- Белизе --- ベリーズ --- Berīzu --- Beles --- Bilisi --- Белізе --- Belizi --- Bhelizi --- Belise --- Belisän --- Beliis --- בעליזע --- בּעליז --- Belėzos --- 伯利兹 --- Bolizi --- British Honduras

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This publication describes the century-old dispute between the UK and the Central-American republid of Guatemala about the tiny British colony of Belize. The historical background and current status of the dispute as well as the Belizean people and economy are treated.

Belize question --- Guatemala --- Great Britain --- Belize --- Foreign relations --- Economic conditions --- 815 Geschiedenis --- 838 Duurzame Ontwikkeling --- 882.3 Midden-Amerika --- 884.2 Noord-Europa --- Belice question --- British Honduras-Guatemala dispute --- British Honduras question --- Guatemala-British Honduras dispute --- Gvatemala --- Goatemala --- Republic of Guatemala --- República de Guatemala --- Central America (Federal Republic) --- Balize --- Belice --- Government of Belize --- Wilisi --- Beliz --- Беліз --- Belisa --- Белиз --- Република Белиз --- Republika Beliz --- Commonwealth of Belize --- Μπελίζε --- Belizo --- Belici --- Belis --- Bheilís --- Veleesh --- Beilise --- בליז --- Beliza --- Belizas --- Белизе --- ベリーズ --- Berīzu --- Beles --- Bilisi --- Белізе --- Belizi --- Bhelizi --- Belise --- Belisän --- Beliis --- בעליזע --- בּעליז --- Belėzos --- 伯利兹 --- Bolizi --- British Honduras --- Economic conditions. --- Guatemala - Foreign relations - Great Britain --- Great Britain - Foreign relations - Guatemala --- Belize - Economic conditions

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Overly expansionary macroeconomic policies contributed to a widening of current account deficits, an unsustainable buildup of public debt, and the erosion of international reserves. The Belize government has already made commendable strides in correcting macroeconomic imbalances, based on measures to increase tax collection, rein in discretionary current expenditure, and cut capital expenditure. However, these efforts alone are not sufficient to bring the public finances and the balance of payments back on a sustainable path; supportive structural reforms in the fiscal and monetary areas should be implemented.

Finance --- Debts, Public --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- Funding --- Funds --- Economics --- Currency question --- Belize --- Balize --- Belice --- Government of Belize --- Wilisi --- Beliz --- Беліз --- Belisa --- Белиз --- Република Белиз --- Republika Beliz --- Commonwealth of Belize --- Μπελίζε --- Belizo --- Belici --- Belis --- Bheilís --- Veleesh --- Beilise --- בליז --- Beliza --- Belizas --- Белизе --- ベリーズ --- Berīzu --- Beles --- Bilisi --- Белізе --- Belizi --- Bhelizi --- Belise --- Belisän --- Beliis --- בעליזע --- בּעליז --- Belėzos --- 伯利兹 --- Bolizi --- British Honduras --- Economic conditions. --- Economic policy. --- Budgeting --- Exports and Imports --- Macroeconomics --- Public Finance --- Business and Financial --- International Lending and Debt Problems --- Debt Management --- Sovereign Debt --- Taxation, Subsidies, and Revenue: General --- Public Enterprises --- Public-Private Enterprises --- Fiscal Policy --- Public finance & taxation --- International economics --- Civil service & public sector --- Budgeting & financial management --- External debt --- Debt service --- Revenue administration --- Public sector --- Economic sectors --- Debts, External --- Finance, Public --- Revenue

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There is an urgent need to re-establish a viable external position through a comprehensive, swift, and sustained policy adjustment. The fiscal adjustment will need to rest on both wide-ranging tax revenue measures and substantial expenditure restraint, including a freeze of current expenditure. Executive Directors welcome the government’s decision to restructure the Development Finance Corporation. Existing import restrictions should be eliminated or converted into tariffs to improve resource allocation, increase revenue, and reduce administrative costs. Belize statistical information is inadequate to monitor macroeconomic developments sufficiently.

Monetary policy --- Fiscal policy --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Monetary management --- Currency boards --- Money supply --- Government policy --- Belize --- Balize --- Belice --- Government of Belize --- Wilisi --- Beliz --- Беліз --- Belisa --- Белиз --- Република Белиз --- Republika Beliz --- Commonwealth of Belize --- Μπελίζε --- Belizo --- Belici --- Belis --- Bheilís --- Veleesh --- Beilise --- בליז --- Beliza --- Belizas --- Белизе --- ベリーズ --- Berīzu --- Beles --- Bilisi --- Белізе --- Belizi --- Bhelizi --- Belise --- Belisän --- Beliis --- בעליזע --- בּעליז --- Belėzos --- 伯利兹 --- Bolizi --- British Honduras --- Economic conditions. --- Economic policy. --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Public Finance --- Industries: Financial Services --- Budgeting --- Debt --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- Public Enterprises --- Public-Private Enterprises --- Taxation, Subsidies, and Revenue: General --- Public finance & taxation --- Currency --- Foreign exchange --- International economics --- Civil service & public sector --- Finance --- Budgeting & financial management --- Public debt --- External debt --- Public sector --- Revenue administration --- Economic sectors --- Debts, Public --- Debts, External --- Revenue