Belize: 2022 Article IV Consultation-Press Release; and Staff Report
Belize: 2022 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-05-10

Total Pages: 64

ISBN-13:

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The COVID-19 pandemic had a severe impact on Belize in 2020, leading to a 16.7 percent contraction in real GDP and a rise in public debt to an unsustainable level of 133 percent of GDP. To address this situation, the government presented a medium-term plan to lower public debt to 85 percent of GDP in 2025 and 70 percent in 2030 by implementing fiscal consolidation, structural reforms, and debt restructuring. Significant progress towards restoring debt sustainability was made in 2021.

Belize
Belize

Author: International Monetary Fund. Western Hemisphere Dept.

Publisher: International Monetary Fund

Published: 2024-05-15

Total Pages: 72

ISBN-13:

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Outlook and Risks. Real GDP growth and inflation moderated in 2023 and are projected to decline further over the medium term as the output gap closes and global commodity prices fall. The fiscal position remains robust, but debt dynamics have become more challenging due to the increase in the interest rate – growth differential, with public debt projected to remain above 50 percent of GDP over the next decade. Risks to the outlook include further increases in commodity prices and climate-related disasters.

Belize
Belize

Author: International Monetary Fund. Western Hemisphere Dept.

Publisher: International Monetary Fund

Published: 2023-05-12

Total Pages: 67

ISBN-13:

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Outlook and Risks. Economic activity is projected to moderate after a strong recovery from the pandemic. After growing by 15 percent in 2021 and 12 percent in 2022, real GDP is projected to grow by 2.4 percent in 2023 and 2.0 percent over the medium term as spare capacity is exhausted. Revenue growth and fiscal consolidation have increased the primary balance to 1.2 percent of GDP from FY2022 onwards, which is projected to reduce public debt from 64 percent of GDP in 2022 to 53 percent in 2028. Risks to the outlook are tilted to the downside, including a sharp slowdown in advanced economies, further increases in commodity prices, and climate-related disasters.

Israel: 2022 Article IV Consultation-Press Release and Staff Report
Israel: 2022 Article IV Consultation-Press Release and Staff Report

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-03-21

Total Pages: 82

ISBN-13:

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The Israeli economy has weathered the COVID-19 crisis exceptionally well, but risks are high. With substantial fiscal and monetary support, real GDP growth reached 8.1 percent in 2021, driven by consumption and high-tech exports. The rapid vaccination campaign boosted confidence. The outlook is positive but still subject to high uncertainty.

Qatar: 2022 Article IV Consultation-Press Release; and Staff Report
Qatar: 2022 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-06-21

Total Pages: 70

ISBN-13:

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Swift and decisive policy response to the Covid-19 pandemic has helped to mitigate the health and economic impact of the crisis. Fast vaccination rollout has also strengthened the economy’s resilience to new pandemic waves, paving the way for a speedy recovery. As the economy rebounds, a gradual exit from pandemic support measures is underway.

Paraguay: 2022 Article IV Consultation-Press Release; and Staff Report
Paraguay: 2022 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary

Publisher: International Monetary Fund

Published: 2022-06-21

Total Pages: 69

ISBN-13:

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After two consecutive years of GDP decline driven by external shocks, Paraguay’s economy rebounded in 2021. In 2019, drought and flooding reduced economic growth to -0.4 percent. In 2020, the impact of the pandemic on the secondary and tertiary sectors was partly compensated by a rebound of agriculture and an extensive emergency package, and GDP fell by only 0.8 percent. Growth rebounded to 4.2 percent in 2021, but heatwaves and a severe drought decelerated the recovery and have limited 2022 growth prospects, though a recovery is projected for 2023 and the medium-term. While the loss of agricultural export revenue is affecting Paraguay’s balance of payments in 2022, the external position in 2021 was stronger than the level implied by fundamentals and desirable policies.

Canada
Canada

Author: International Monetary Fund. Western Hemisphere Dept.

Publisher: International Monetary Fund

Published: 2022-12-08

Total Pages: 63

ISBN-13:

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Canada has come through the pandemic relatively well and, as a commodity exporter, has been hit less hard than many other countries have been by Russia’s war on Ukraine. Nonetheless, inflation is well above target, housing affordability is a major concern following a long boom that may now have peaked, and the pandemic remains a source of risk.

Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize
Belize: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Belize

Author: International Monetary

Publisher: International Monetary Fund

Published: 2021-06-07

Total Pages: 57

ISBN-13: 151357311X

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Belize has been hit hard by the COVID-19 pandemic, which led to a deep recession and worsened fiscal and external positions from already weak levels. The opposition People’s United Party won the November 2020 elections by a wide margin, which gives the new government a unique opportunity to jump start much needed reforms to reduce large imbalances and anchor strong and inclusive growth.

Philippines
Philippines

Author: International Monetary Fund. Asia and Pacific Dept

Publisher: International Monetary Fund

Published: 2022-12-15

Total Pages: 76

ISBN-13:

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A new administration took office in July with a blueprint to secure an inclusive, sustainable, and green recovery. While the economy remains fundamentally sound, the new administration will face three important challenges: (1) striking the right policy mix to secure the recovery and safeguard price stability; (2) building fiscal buffers as insurance against downside risks; and (3) raising the Philippine’s long-term growth.