6 Develop a global partnership for development

Where we are

 Photo: Belize Presidency Pro-Tempore of the Central American Integration System (SICA), O. Ruso, Oct. 2010
Photo: Belize Presidency Pro-Tempore of the Central American Integration System (SICA), O. Ruso, Oct. 2010

2012 Update

This last Millennium Development Goal was born out of the recognition that for countries like Belize to achieve the rest of the Goals, an international environment which is conducive to their attainment must be sought and sustained.

Some challenges being faced in Belize include:

a) While the primary balance of payments was above 2 percent of GDP over the past five years and the overall deficit was below 2 percent of GDP during the last four years, Belize continues to face challenges in fiscal consolidation. As a consequence, there are obstacles in reducing the debt-to-GDP ratio. Moreover, there are challenges in preserving investors’ confidence and FDI inflows. Finally, Belize is still far from setting up core rules of transparent, accountable, inclusive and responsive governance that can generate local consensus and international support.

b) Belize is making slow progress in relation to Trade Policy and Development Progress. The challenge is to further develop a legal framework that will allow greater integration with the international trade and financial system.

c) Strong and deliberate advocacy is required to enable policy makers, technocrats and the private sector to leverage foreign trade as the tool to advance development goals. Lack of capacity within the Directorate General continues to hinder success in this area.

Successes

The benefit of new technologies, especially information and communication, has become more widespread in Belize. The use of cellular phones has rapidly increased from 6.7 persons per 100 in 2000 to 53.2 per 100 in 2008.  Also, the number of internet subscribers has increased from 6 per 100 in 2000 to 11.3 per 100 in 2008.

The gross international reserves increased from US$115 million in 2000 (the equivalent of 0.2 months of imports) to US$218 million in 2010 (the equivalent of 3.2 months of imports).

Implementation of the Aid for Trade Strategy, launched in January 2011. One of its milestones is the leverage of the market access opportunities created by the CARIFORUM|EU Economic Partnership Agreement (EPA) and the CARICOM Single Market and Economy (CSME). This will increase exports by building productive capacity and modernising trade policy and regulations.

Belize has leveraged relationships with Central American SICA partners. The Partial Scope Agreement (PSA) with Guatemala was ratified in 2010 and has increased by 100 percent exports which are currently at more than US$16 million. Belize is negotiating a partial scope agreement with Mexico. This will be followed by negotiations with El Salvador and Honduras.

Priorities

The following priorities are now very high on the political agenda: 1) supporting and promoting sustained growth to facilitate both poverty reduction and development, 2) enhancing Belize’s role within the international community, 3) improving public financial management, 4) facilitating structural transformation, including the modernization of Belize´s regulatory and legal institutions, 5) improving Belize’s credit rating, and 6) promoting agreements and opportunities enhancing global trade. The pursuit of the above priorities will allow greater integration with Caribbean economies and gains from international trade and the financial system.

These are the key trade related priorities: 1) Mainstreaming trade in the nation’s development strategies, 2) Increasing the collaboration between Public and Private entities, 3) Developing strong civil society and community-based enterprises, 4) Reforming current trade and integration agreements, 5) Developing trade policy framework aimed at balancing trade liberalization and trade protection mechanisms, while enabling innovation.

UNDP's work in Belize

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National MDG Target Achievement

GOAL 8: DEVELOP A GLOBAL PARTNERSHIP

Summary Scorecard - Belize Achievements and Challenges at a Glance

Goals, Targets and Indicators

Baseline

2009

Target 2015

Progress to 2015

 

 

Target

Achievement

 

 

Target 15: Deal with debt problem in sustainable manner

 

 

 

 

 

Debt service as % of exports

13.1

11

9.5

8.5

Slow progress

Target 16: Implement strategies for productive youth work

 

 

 

 

 

Unemployment of young people 15-24 years old

21.8

18

15

12

Slow progress

Target 17: Provide access to essential drugs

 

 

 

 

 

Proportion of population with access to essential drugs

NA

NA

NA

100

 

Target 18: In cooperation w/private sector new techs

 

 

 

 

 

Teledensity (fixed and mobile lines)

 

 

 

 

 

Mobile

6.7 per 100 (2000)

NA

53.2 per 100 (2008)

NA

 

Personal computers density

NA

NA

NA

NA

 

Internet connections, dial-up and broadband

6 per 100 (2000)

NA

11 per 100 (2008)

NA

 

 

1.18 years
remaining
until 2015

1990 2015
Targets for MDG8
  1. Develop further an open, rule-based, predictable, non-discriminatory trading and financial system
    • Developing countries gain greater access to the markets of developed countries
    • Least developed countries benefit most from tariff reductions, especially on their agricultural products
  2. Address the special needs of least developed countries
    • Net Official development assistance (ODA), total and to the least developed countries, as percentage of OECD/DAC donors' gross national income
    • Proportion of total bilateral, sector-allocable ODA of OECD/DAC donors to basic social services (basic education, primary health care, nutrition, safe water and sanitation)
    • Proportion of bilateral official development assistance of OECD/DAC donors that is untied
    • Market access
    • Debt sustainability
  3. Address the special needs of landlocked developing countries and small island developing States
    • Official development assistance (ODA) received in landlocked developing countries as a proportion of their gross national income
    • ODA received in small island developing States as a proportion of their gross national incomes
    • Proportion of bilateral official development assistance of OECD/DAC donors that is untied
    • Market access
    • Debt sustainability
  4. Deal comprehensively with the debt problems of developing countries
    • Total number of countries that have reached their HIPC decision points and number that have reached their HIPC completion points (cumulative)
    • Debt relief committed under HIPC and MDRI Initiatives
    • Debt service as a percentage of exports of goods and services
  5. In cooperation with pharmaceutical companies, provide access to affordable essential drugs in developing countries
    • Proportion of population with access to affordable essential drugs on a sustainable basis
  6. In cooperation with the private sector, make available the benefits of new technologies, especially information and communications
    • Telephone lines per 100 population
    • Cellular subscribers per 100 population
    • Internet users per 100 population