Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Belize

IMF Country Report No. 09/69

- Belize suffered considerable damage from two tropical systems during the 2008 hurricane season. Tropical storm Arthur in late May and heavy rains from a tropical depression in late October resulted in massive flooding across Belize and loss of lives and property. Damage to housing and infrastructure together with losses of output and export earnings and increases in imports, are estimated at 4.8 percent of GDP.