International Reserves in Belize

Belize International Reserves | Economic News & Forecasts

Belize - International Reserves

The 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

2015   2016   2017   2018   2019  
International Reserves (USD)0.4  0.4  0.3  0.3  0.3  

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Belize International Reserves Chart

Belize International Reserves
Note: International reserves in months of imports.
Source: Central Bank of Belize and FocusEconomics calculations.

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