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You have just landed a job as a Finance Officer at the Central Bank of Belize. Your supervisor shows you the below table from a

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You have just landed a job as a Finance Officer at the Central Bank of Belize. Your supervisor shows you the below table from a report. Comment on the trade balance. Be sure to highlight its importance to the current account balance of the BOP. Offer one (1) recommended action that the Central bank, as well as one (1) recommended actions that the Central Government, can take in order to influence the overall balance of the BOP? Figure 76.8 Payments (Debits) 900 350 500 300 Receipt (Credit) 1. Current Transactions 1. Exports of goods 2. Exports of services 3. Income from foreign investments 4. Unilateral receipts Total II. Capital Transactions 5. Long term borrowinys 6. Short term borrowings 7. Sule of gold/assets Total 8. Import of goods 9. Import of Services 10. Foreign income from investment at home 11. Unilateral payments Total 1000 500 400 300 2050 2200 500 100 200 12. Long term lendings 13. Short term lendings 14. Purchase of gold/assets 550 280 100 1100 Total 15. Errors and omissions 930 20 Grand Total 3150 3150

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