01593cas a2200241 a 4500 AALejournalIMF002974 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451805468 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Belize : Selected Issues and Statistical Appendix. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (65 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students An illegal parallel market for foreign exchange is prevalent in Belize. Its emergence and continued existence is attributed to the pervasive exchange controls, attempts to avoid banking fees, as well as the prevalence of cash transactions in the tourist sector. Overall, the financial system appears sound, the banking system is well capitalized, and the insurance sector has been able to pass most of the risks offshore through reinsurance. The supervisory and regulatory framework for commercial banks appears sound, but there is scope for improvement. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2004/101 Full text available on IMF http://elibrary.imf.org/view/journals/002/2004/101/002.2004.issue-101-en.xml IMF e-Library