International Reserves in Belize
Belize - International ReservesThe economic panorama remains bleak, following the sharpest contraction in over 18 years in Q1 amid shrinking service-sector activity. The continued effects of the pandemic should have hit the economy even harder in the second quarter, amid falling exports and restricted imports in April–May and virtually extinguished tourism flows throughout the quarter. Moving into Q3, despite plans to reopen the country to tourism next month, the government is set to defer interest payments on USD 500 million of bonds due on 20 August, as revenues have been ravaged by the effects of the health crisis. As a result, S&P Global Ratings downgraded its rating to CC from CCC and affirmed its negative outlook, noting that high debt, low international reserves and shrinking economic activity all limit the country’s scope to handle the ongoing pandemic.
Belize - International Reserves Data
|International Reserves (USD)||0.4||0.4||0.3||0.3||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Belize International Reserves Chart
Source: Central Bank of Belize and FocusEconomics calculations.
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