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Emerging MarketsEM LatAm

IMF backs another debt restructuring in Belize

Belize, restructuring, default, coupon, deferral, LatAm, Central America, 575

The International Monetary Fund said in the concluding statement of last week’s Article IV mission to Belize that the government needs to restructure its debts to restore public debt sustainability, leaving bondholders bracing for a fifth credit event since 2007.

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