Belize restructures bonds with blue loan

Belize restructures bonds with blue loan

Corporate & Sovereign Strategy Loans Bonds Debt Belize Capital Markets ESG

Belize restructured $553 million in outstanding bonds through a financing arrangement with US conservation organization The Nature Conservancy (TNC) and pledged to protect 30% of its ocean, enforce regulations for fisheries and draft a framework for blue carbon projects. "This deal is huge for Belize, especially during a tremendously difficult time for our economy, but its impact extends far beyond us as well," Prime Minister John Briceño said in a press release from TNC on Friday.  TNC borrowed

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