Belize defaults on bond payment

The leader of the Central American nation of Belize said his country will not make a US$23m (€18.64m) bond payment by the deadline, bringing the country one step closer to formal default on a total debt of $544m (€440.9m).

Belize defaults on bond payment
Tue, 21 Aug, 2012 - 09:07

The leader of the Central American nation of Belize said his country will not make a US$23m (€18.64m) bond payment by the deadline, bringing the country one step closer to formal default on a total debt of $544m (€440.9m).

Premier Dean Barrow also said his government is unlikely to make the payment during the ensuing 30-day grace period.

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