7 News Belize

IMF Says Poverty Rising
posted (November 1, 2011)
In its latest report on Belize issued yesterday The IMF has warned about growing poverty. The report warns that a "recent rise in poverty is also a cause for concern."

That aside, the report is modestly upbeat saying that "Belize has weathered the (global) financial crisis relatively well when compared with Caribbean Community peers. It warns about a high number of non-performing loans in the commercial banking sector but concludes that the macroeconomic outlook for 2011 remains moderately positive even as higher food and fuel prices are expected to push inflation slightly upward. Full Report at: http://www.imf.org/external/np/sec/pn/2011/pn11131.htm

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7 News Belize