WASHINGTON, CMC – The International Monetary Fund (IMF) says the completion of the exchange of the “super bond” for new United States denominated bonds has brought “substantial cash-flow relief” to Belize. The IMF, which recently concluded a review of the country’s economy, said that the new bonds, which will expire in 2038, has resulted in a cash flow of US$130 million over the next five years. Last December, the Dean Barrow government said it had reached an agreement with its creditors on restructuring the country's US$544 foreign debt, also known as the super bond.
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