Belize Makes Compromise

Belize Makes Compromise

Belize Corporate & Sovereign Strategy

Belize, which saw the end of a 30-day grace period to make a $23m coupon payment Wednesday, has agreed to make an $11.7m partial payment, it says. Negotiations regarding a restructuring continue. “In recent weeks the government and the [bondholder] committee have identified a common framework to advance negotiations, including a workable approach to accounting for the effect on Belize’s debt servicing capacity of certain other liabilities of the government,” the government says. The developments

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