UN General Assembly
1988

"While not itself immune to the vicissitudes of the international economic situation Belize has recorded modest growth in real terms over the past year. We have managed to restructure our debt burden to service it more effectively. Flows of private and public investment have increased to facilitate infrastructural development and growth in the agriculture and tourism sectors. Under certain preferential arrangements there has been a favourable trading environment for our commodity exports, and an emphasis on diversification into other areas of activity has compensated somewhat for the fall in revenue resulting from the depressed prices on the international sugar market.