Tag:
Financial Secretary Joseph Waight
Government
GOB succeeds in restructuring Super Bond
The Government of Belize (GOB) has succeeded in renegotiating their billion dollar Super Bond debt, saving Belize over $600 million dollars.
Business & Economy
PM Barrow leads team to second meeting with Superbond holders
The Prime Minister Dean Barrow left the country on December 3rd enroute to New York City, New York USA where he attended a meeting discussing the Superbond.
Business & Economy
GOB attempts to restructure Superbond to avoid economic hardship
In an effort to avoid a chaotic default early in 2017, the Government of Belize (GOB) is urgently trying to restructure its billion-dollar debt arrangement, a Superbond that expires on 2038.
Business & Economy
BTL acquisition threatens the national economy
The legal battle between the Government of Belize (GOB) and the Ashcroft Alliance over BTL is causing drastic issues on the country’s financial sector.
Government
GOB makes first payment towards BTL acquisition
On Wednesday, July 13th, GOB made the first payment to the Ashcroft Alliance as part of the arbitration award for the nationalization of BTL.
Government
GOB to pay $388 Million – final settlement to Ashcroft group for Telemedia shares
GOB will pay the former owners of Belize Telemedia Limited (BTL) Bze$388 Million for the shares which GOB acquired in a public interest in 2009.
Business & Economy
US Currency Control green lights Belize banks
Prime Minister Barrow’s mission was to resolve the difficulties banks in Belize were having in maintaining correspondent banking relationships with U.S. banks to handle U.S. currency transactions.
