The annual report of the Central Bank of Belize, published on June 4, highlights the central bank's achievements in 2011 and considers the economic outlook for 2012.
The report, which marks the Central Bank of Belize's 30th anniversary, considers the progress the central bank has made in 2011 from its ‘financial sector assessment programme', which is aimed at identifying deficiencies in financial regulation. The results of this programme provide a "cohesive framework" for assuring the future security of the financial system, the report says.
The report is "cautiously optimistic" in the economic outlook for Belize. GDP is expected to grow at 2-2.5% in 2012, and the report notes that the government has made progress towards cutting its budget deficit.
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