Series: IMF Working Papers
Author(s): Tamon Asonuma , Gerardo Peraza , Kristine Vitola , and Takahiro Tsuda
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 July 2014
Keywords: Inter-Creditor Equity, debt exchange, sovereign debt, public debt, International Lending and Debt Problems,
This paper examines the causes, processes, and outcomes of the two Belize sovereign debt restructurings in 2006-07 and in 2012-13 that occurred outside of an IMF-supported program. It finds that the motivation for...