IMF’s recent engagements on infrastructure governance

Public Investment Management Assessment (PIMA)   January 2020

 


 

Summary of PIMA report

(Published in July 2020)

 

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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