01591cas a2200241 a 4500 AALejournalIMF004948 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451805567 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Belize : Selected Issues. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (21 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 Belize should reduce debt ratios to comfortable levels for smooth market access, and reduce liquidity risks by stabilizing debt service. Streamlined management of the oil fund should be considered. Fiscal measures should compensate for the loss of oil revenues in the budget and avoid new borrowing. This note explores alternative measures of reserves adequacy and concludes that a reserves target of three months of imports is a reasonable benchmark. Reforms enabling more effective liquidity management involve removing the ceilings and moving to market-based interest rates. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/092 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/092/002.2008.issue-092-en.xml IMF e-Library