Belize central bank law to allow bigger loans to state
Amendments come amid debt crisis as IMF warns country to defend currency peg
The senate of Belize is advancing a proposed law that would expand the central bank’s ability to lend to the government.
The Central Bank of Belize (Amendment) Bill, 2021 passed its second reading on March 9. It must pass one further reading before it can become law.
Belize faces a deep economic and fiscal crisis. The International Monetary Fund reports the country’s real GDP declined 14.1% in 2020, and predicts that GDP will not reach pre-pandemic levels before 2025. The fund characterised
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