Belize is an upper-middle-income country in Central America with close sociopolitical and economic ties to the Caribbean. Since gaining independence from the United Kingdom in September 1981, Belize has experienced peaceful and democratic transitions, with power alternating between two major parties, the United Democratic Party (UDP) and the People’s United Party (PUP)1. In 2015, Belize had a population of 359,000, a gross domestic product (GDP) of $1.7 billion, and a per capita GDP of $8,029. As a CARICOM member, Belize enjoys access to members’ markets and benefits from the trade agreements established through this economic union. Belize has an export-oriented economy that benefits from its proximity to the large markets of the United States and Mexico. Belize also has a unique cultural heritage, and is the only English-speaking country in Central America. This Country Partnership Framework (CPF) will support Belize in strengthening its economic resilience. Recognizing the special characteristics of a small state with associated capacity and absorptive constraints, the CPF proposes a consolidated and focused program. This will be the second full strategy for Belize, with the engagement still maturing, and it factors in lessons from the implementation of the first strategy. Therefore, the CPF will retain flexibility in some elements of the engagement that will be further defined with the Government during implementation. The CPF is organized around two Focus Areas: (a) Fostering Climate Resilience and Environmental Sustainability; and (b) Promoting Financial Inclusion and Social Resilience.
DETAILS
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Belize - Country Partnership Framework FY 2018-2022
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4/28/2017 04:21:00 PM
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5/30/2017 12:00:00 AM
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Federico Baechli
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Country Partnership Framework (Country Partnership Framework)
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English
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Belize
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Latin America & Caribbean (LCR)
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P157825
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Belize - Country Partnership Framework
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Belize is an upper-middle-income country in Central America with close sociopolitical and economic ties to the Caribbean. Since gaining independence from the United Kingdom in September 1981, Belize has experienced peaceful and democratic transitions, with power alternating between two major parties, the United Democratic Party (UDP) and the People’s United Party (PUP)1. In 2015, Belize had a population of 359,000, a gross domestic product (GDP) of $1.7 billion, and a per capita GDP of $8,029. As a CARICOM member, Belize enjoys access to members’ markets and benefits from the trade agreements established through this economic union. Belize has an export-oriented economy that benefits from its proximity to the large markets of the United States and Mexico. Belize also has a unique cultural heritage, and is the only English-speaking country in Central America. This Country Partnership Framework (CPF) will support Belize in strengthening its economic resilience. Recognizing the special characteristics of a small state with associated capacity and absorptive constraints, the CPF proposes a consolidated and focused program. This will be the second full strategy for Belize, with the engagement still maturing, and it factors in lessons from the implementation of the first strategy. Therefore, the CPF will retain flexibility in some elements of the engagement that will be further defined with the Government during implementation. The CPF is organized around two Focus Areas: (a) Fostering Climate Resilience and Environmental Sustainability; and (b) Promoting Financial Inclusion and Social Resilience.
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