Belize must act to escape cycle of defaults – IMF staff
Country has completed third debt restructuring in a decade
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.
“The
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