Belize : Technical Assistance Report-Public Investment Management Assessment.

The level of public investment in Belize has varied over the past years in the context of existing constraints. The sharp increase in public debt has limited available fiscal space.1 This has resulted in an increase in externally financed investments as a share of the capital budget and a growing in...

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Bibliographic Details
Corporate Author: International Monetary Fund. Fiscal Affairs Dept
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2020.
Series:IMF Staff Country Reports; Country Report ; No. 2020/221
Online Access:Full text available on IMF
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520 3 |a The level of public investment in Belize has varied over the past years in the context of existing constraints. The sharp increase in public debt has limited available fiscal space.1 This has resulted in an increase in externally financed investments as a share of the capital budget and a growing interest in public private partnerships (PPPs) to help achieve the government of Belize's national strategy objectives.2 However, the correlation between Belize's public investment and GDP growth remains weak, and the public capital stock as a ratio to GDP shows a sharp deterioration, possibly pointing to investment inefficiencies. 
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