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Belize - Economic report, Volume 1
 
Country:Belize; Date Stored:2003/08/01
Document Date:1984/02/29Document Type:Publication
SubTopics:Information Technology; Information and Records Management; Transport Security; General Technology; Educational Technology and Distance EducationLanguage:English
Major Sector:(Historic)Economic PolicyRegion:LAC
Report Number:PUB4446Sub Sectors:(Historic)Macro/non-trade
Collection Title:A World Bank country studyVolume No:1

Summary: Growth of the Belizean economy, which had been expanding steadily, slowed sharply during 1978-82 largely due to international recession and diseases affecting sugarcane. The weakened economy has resulted in severe fluctuations in national savings and current account balance of payments deficits. Approximately 70 percent of public investments has been financed by external capital, mostly with concessional grants and loans. However, prospects for economic growth and balance of payments sustainability should be favorable, provided that there is a recovery in the world economy. Belize has the physical resources to develop agriculture, agroprocessing, fishing, and tourism, and development policies are basically sound, but the country does lack financial and human resources. Also, because of the small size of the domestic market, development efforts should concentrate on export-oriented activities.

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