Belize must act to escape cycle of defaults – IMF staff

Country has completed third debt restructuring in a decade

Belize map

Research from the International Monetary Fund labels parts of Belize’s latest debt restructuring as “interesting innovations”, but the researchers believe the country will remain in a cycle of debt and default unless efforts to reduce the stock of public debt are made.

In a paper analysing Belize’s latest debt restructuring efforts, Tamon Asonuma, Michael Papaioannou, Eriko Togo and Bert van Selm compare action taken in 2016 with the country’s two previous debt restructuring efforts.


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