Economy

“Reduction in public debt celebrated by Belize government, but amount paid and remaining balance undisclosed.”

By: Omar Silva, NP Staff Writer

Belize City, Tuesday:14th March 2023

The current administration led by Prime Minister John Briceño is celebrating a significant achievement in reducing the country's public debt. According to Briceño, the public debt has decreased from 133% of GDP to 64% of GDP since he took office. The Prime Minister called this achievement historic.

The I.M.F. Article IV Mission to Belize Issued its Concluding Statements

The Article IV consultation is a regular review conducted by the International Monetary Fund (IMF) of its member countries' economic and financial policies. The consultation aims to assess the country's economic health, identify potential risks, and provide policy recommendations to help the country maintain economic stability and achieve sustainable economic growth.