Global Insider: Belize Makes a Risky Bet on Debt Restructuring

Prime Minister Dean Barrow of Belize is pushing international creditors to agree to a debt restructuring after his government missed a payment this week. In an email interview, Heather Berkman, an analyst at Eurasia Group’s Latin America practice, where she takes the lead on the Caribbean, Central America and Colombia, discussed Belize’s debt problems. WPR: What are the scope and causes of Belize’s current economic difficulties? Heather Berkman: There are a number of factors contributing to Belize’s current financial predicament. First, the economy has struggled to rebound since the global downturn in 2009, and recorded only 2 percent growth in […]

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