Clean Up Your Water And We’ll Lower Your Debt
Big Take
00:00
The Blue Bond Deal in Belize
Belize has been labeled a serial debt defaulter. The country is highly dependent on tourism as a main source of revenue. There was an option on the table for Belize but it came with austerity conditions. A US-based conservation organization had done a kind of what's called a debt for nature swap in the Seychelles a few years earlier. They approached Belize and the Belize government were excited by the prospect that they could pursue this avenue of restructuring their debt without those kinds of conditions.
Play episode from 12:17
Transcript
