BIDeconomics Belize: Developing a Sustainable, Resilient and Inclusive Belize

This document presents a comprehensive analysis of challenges and opportunities for promoting inclusive and sustainable development in Belize on a sectoral level, where rekindling faster, sustained economic growth is arguably one of the country's most significant development challenges. The unprecedented hit of the COVID-19 pandemic has added pressure to an economy with characteristically low growth, and dramatically transformed Belize's economic and social outlook. Reigniting economic growth that is sustainable and inclusive, as well as removing structural bottlenecks, requires addressing three priority areas categorized here as pillars. These pillars are: (i) Anchoring fiscal policy for growth, (ii) Transforming the export sector through diversification, integration, and innovation, and (iii) Providing social protection and skills to shape the future. These development challenges are interdependent and tackling them will require a collaborative and synchronous approach. At the IADB, we trust the BIDeconomics Belize will be a valuable tool for the Government of Belize and the country's stakeholders to overcome these challenges. BIDeconomics is a series of publications by the Department of Countries of Central America Haiti, Mexico, Panama and the Dominican Republic that provides analysis and proposals to support the sustainable development of the countries of the region. Each publication summarizes the findings of the Country Development Challenges studies, which are respectively prepared as inputs for each of the IDB Country Strategies.

Bibliographic Details

Main Author:	Inter-American Development Bank
Other Authors:	Lucia Martin
Language:	English
Published:	Inter-American Development Bank
Subjects:	Citizen Safety, Sustainable Development, Fiscal Policy, Regional Integration, Taxation, Private Investment, Social Protection, Tourism, Sustainable Growth, Export, GDP Growth, Inclusive Growth, Health Care, BIDeconomics, Economic Diversification, O30 - Innovation • Research and Development • Technological Change • Intellectual Property Rights: General, H54 - Infrastructures • Other Public Investment and Capital Stock, O13 - Agriculture • Natural Resources • Energy • Environment • Other Primary Products, O18 - Urban Rural Regional and Transportation Analysis • Housing • Infrastructure, F15 - Economic Integration, O23 - Fiscal and Monetary Policy in Development, O14 - Industrialization • Manufacturing and Service Industries • Choice of Technology, L25 - Firm Performance: Size Diversification and Scope, F13 - Trade Policy • International Trade Organizations, H51 - Government Expenditures and Health, H62 - Deficit • Surplus, I20 - Education and Research Institutions: General, H52 - Government Expenditures and Education, I30 - Welfare Well-Being and Poverty: General, H63 - Debt • Debt Management • Sovereign Debt, F02 - International Economic Order and Integration, Z32 - Tourism and Development, innovation;Citizen security;Integration;Infrastructure;Education;health;Fiscal policy;growth;Tourism;Development Challenges;Agriculture;private sector;Belize;COVID-19;bideconomics;diversification;labour,
Online Access:	http://dx.doi.org/10.18235/0003055 https://publications.iadb.org/en/bideconomics-belize-developing-sustainable-resilient-and-inclusive-belize
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