Asonuma, Tamon; Papaioannou, Michael G.; Togo, Eriko; … - In: Journal of banking and financial economics 2 (2020) 14, pp. 47-67
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 …