Friday, June 21, 2024
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Financial Secretary Joseph Waight

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.

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.

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.

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.

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.

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.

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.