Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/313441 
Year of Publication: 
2020
Citation: 
[Journal:] Journal of Banking and Financial Economics (JBFE) [ISSN:] 2353-6845 [Issue:] 14 [Year:] 2020 [Pages:] 47-67
Publisher: 
University of Warsaw, Faculty of Management, Warsaw
Abstract: 
This paper examines the causes, process, and outcome of Belize's 2016-17 sovereign debt restructuring - its third episode in last 10 years. As was the case in the earlier two restructurings, in 2006-07 and in 2012-13, the 2016-17 debt restructuring was executed through collaborative engagement with creditors outside an IMF-supported program. While providing liquidity relief and partially addressing long-term debt sustainability concerns, the restructuring will need to be underpinned by ambitious fiscal consolidation and growth-enhancing structural reforms to secure durable gains and avoid future debt distress situations.
Subjects: 
Sovereign Debt
Sovereign Defaults
Sovereign Debt Restructurings
Serial DebtRestructurings
Belize
JEL: 
F34
G15
H63
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.