Asonuma, Tamon; Peraza, Gerardo; Vitola, Kristine; … - International Monetary Fund (IMF) - 2014
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 the two debt restructurings differed, as the former was driven by...