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Reinvigorating Growth in Belize

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  • Dmitry Vasilyev

Abstract

In the 1990s and early 2000s, Belize grew faster than its regional peers. By the mid-2000s, however, economic growth had slowed down to the regional average. A vicious circle of low growth and increasing public debt has been clouding Belize’s outlook. This paper applies a growth diagnostic approach based on the Hausmann-Rodrik-Velasco framework to investigate the main growth constraints and opportunities for higher growth in Belize. Improvements in access to finance and in the business climate could unlock Belize’s strengths.

Suggested Citation

  • Dmitry Vasilyev, 2019. "Reinvigorating Growth in Belize," IMF Working Papers 2019/024, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2019/024
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