From The Rio Times · Valentina Gómez · · 1m 30s
IMF Cuts Belize Growth Forecast to 1.9%
IMF lowers Belize's 2026 economic growth forecast to 1.9% from 2.6%.
In brief
IMF lowers Belize's 2026 economic growth forecast to 1.9% from 2.6%. The IMF reduced Belize's 2026 economic growth forecast to 1.9% after previously projecting 2.6%. Originally reported by The Rio Times.
IMF Updates Belize Growth Forecast
The International Monetary Fund now projects Belize’s economy will grow 1.9% in 2026, slowing from 2.6% in 2025.
Previous Forecast Was Higher
In April the IMF had projected 2.2% growth for Belize in 2026, down 0.3 percentage points from the current forecast.
Belize's Growth Rate in Context
Belize beats the 1.4% average for tourism-dependent Caribbean economies but trails Guatemala at 4% and Honduras and Costa Rica at 3.3%.
Tourism Drives Belize's Economy
Tourism was a main driver of Belize’s growth in 2024, with the United States accounting for 70% of overnight arrivals.
Economic Challenges Ahead
Belize’s public debt fell to 61.1% of annual output in 2024, but the IMF projects 59.3% for 2026.
Currency Peg and Implications
Belize’s currency is fixed at two to one US dollar, but the government faces pressure to maintain reserves.
What This Means for Visitors
The forecast does not change travel rules for American visitors, as the currency remains pegged to the US dollar.
Investor Impact
A 1.9% growth pace leaves the government with little room to spend without borrowing.
Next Steps for Belize
The IMF expects Belize’s economy to grow about 2% annually in 2027 and 2028, maintaining modest expansion.
What to remember
The IMF reduced Belize's 2026 economic growth forecast to 1.9% after previously projecting 2.6%.
