Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund.
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| ISBN: | 1484319664
9781484319666
9781484319666
9781484348642
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| Notes: | Title from PDF title page (IMF Web site, viewed July 29, 2013).
"July 2013."
"June 5, 2013"--Page 2 of pdf.
Includes bibliographical references.
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| Summary: | This IMF staff report on Belize's 2013 Article IV Consultation highlights economic developments and macroeconomic outlook. Macroeconomic developments in 2012 were underpinned by robust output growth but clouded by uncertainties surrounding the debt restructuring and growth prospects of major trading partners. New provisioning, and loan classification standards implemented by the central bank at end-2011 have resulted in declining nonperforming loans (NPLs) in the banking system and improving provisioning. NPLs remain high at 20 percent of total loans at end-2012, with heavy concentration in one domestic and some international banks. In compliance with the new prudential measures, banks have been required to write off bad loans within 3-5 years.
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| Standard no.: | 10.5089/9781484319666.002
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