May 7, 2021
A group of creditors has called on the government of Belize to agree to a financing program with the International Monetary Fund (IMF) as a crucial step to restructure $540 million in 2034 bonds, it said in a press release on Wednesday.
The creditor committee, which includes GMO, Greylock and Aberdeen Standard Investments, made several requests after Belize presented a restructuring proposal last month, but it said the government did not reply.
"The committee respectfully reiterates that the im
Creditors warn that a restructuring may not be viable without a "feasible path of reform" through an IMF-supported program