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Mar 15, 2021 Belize Response to IMF Report On Friday, the International Monetary Fund issued its concluding statement after their annual country visit.  The Government of Belize has responded to the report saying the IMF has now confirmed what Prime Minister John Briceño has been saying for months regarding the financial legacy left by his predecessor Dean Barrow.  The IMF reports that Belize had been in a recession well before the COVID-19 pandemic.  It also indicates the previous government had borrowed seventy million dollars over the years 2019 and 2020 to meet operating costs, including salaries.  The debt grew so much it has reached one hundred and thirty percent of the Belize’s annual Gross Domestic Product, or four point two billion dollars.  As expected, the IMF report recommends the urgent implementation of an Economic Recovery Plan which curtails spending and increases revenue collection.  They are also recommending a restructuring of government debts

John briceDean barrowInternational monetary fundBelize national teacher unionPrime minister john briceGross domestic productEconomic recovery planBelize national teacherஜான் பிரைஸ்டீன் பரோசர்வதேச பண நிதிபெலிஸ் தேசிய ஆசிரியர் தொழிற்சங்கம்ப்ரைம் அமைச்சர் ஜான் பிரைஸ்மொத்த உள்நாட்டு ப்ராடக்ட்பொருளாதார மீட்பு திட்டம்பெலிஸ் தேசிய ஆசிரியர்