Belize's tourism sector has witnessed impressive growth in recent years with overnight tourist arrivals registering … double digit annual growth rates since 2016. To guide the development of the tourism sector from 2012 to 2030, the government … endorsed a National Sustainable Tourism Master Plan in 2011, setting various initiatives and targets for the immediate and …

To monitor fiscal sustainability, this paper proposes a recursive algorithm derived from the law of motion of the debt … according to their degree of sustainability. For a number of countries, the paper finds evidence of causality between the fiscal …

This paper investigates the dynamic impact of natural resource discoveries on government debt sustainability. We use a … presource curse', id est, natural resources can jeopardize fiscal sustainability even before 'the first drop of oil is pumped …

The COVID-19 pandemic prompted a collapse in international tourism, severely impacting the tourism-dependent economies … in the Asia and Pacific region. Once countries start reopening, tourism diversion effects could accelerate the recovery … of previous shocks in tourism competitor countries on visitor inflows, with a particular focus on tourism …

Tourism has become the main driver of economic growth and employment and the most important source of income in the … ECCU. Preserving and, possibly, enhancing the competitiveness of the tourism product is key for these countries …. Unfortunately, the evidence shows that tourism arrivals to the ECCU have been declining slightly while global demand for tourism is …

This paper assesses the cyclicality and sustainability of fiscal policy in Belize and applies a stochastic simulation … debt sustainability. It recommends integrating such rules into a well-designed fiscal responsibility law and establishing …

debt sustainability over the next decade, taking into account alternative recovery scenarios and associated fiscal … persistent economic effects of the pandemic, risks to the Dutch fiscal and debt sustainability would remain contained …