PM says Superbond deal is nearly done

Super bond for Valentine’s Day? A few days ago AJ Mediratta, Co-Chair of the bondholders’ credit committee for Belize’s half a billion dollar Super bond, visited Belize and with the Prime Minister told reporters that the deal was nearly done. In responding to a question on whether the agreement to teachers would hurt the negotiation, the Prime Minister revealed that Valentine’s Day, February 14, is the planned date for the launch of Super bond 2.0

DEAN BARROW – Prime Minister:
vlcsnap-2013-02-06-18h36m08s87I believe were able to answer their questions.  We have not yet heard from CDB, which is far more important than them.  The IMF isn’t giving us anything.  CDB has promised to assist with a Policy-based Loans to help us bridge the financing gap that will still remain.  Because though, the proposal confirms the position that the raise cannot materialize unless we have the money to pay for it. I don’t think it will affect us going forward.

The new terms will go to the National Assembly prior to that date

About the Author