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Belize PM rushes to solve debt crisis, meets US advisors

Published:Sunday | November 4, 2012 | 11:37 AM

Prime Minister of Belize Dean Barrow is scheduled to meet with financial advisors in the United States this week to discuss the restructuring of the country’s multi-million dollar foreign debt.

The meeting is scheduled to take place in Miami, starting tomorrow.

It comes a week after the country’s main opposition, the People’s United Party, claimed that negotiations had stalled between the government and international creditors on the so-called super bond.

Even before the meeting, however, there were reports that a team from the International Monetary Fund (IMF) was in Belize to review the government’s capacity to meet its debt obligations.

Last week, Prime Minister Barrow met with members of the private sector to discuss economic issues and the second annual economic forum.