Previous Thread
Next Thread
Print Thread
INTER AMERICAN BANK APPROVES $25 LOAN #221920
12/07/06 09:57 PM
12/07/06 09:57 PM
Joined: Oct 1999
Posts: 80,498
oregon, spr
Marty Online happy OP

.
Marty  Online Happy OP
INTER AMERICAN BANK APPROVES TWENTY FIVE MILLION DOLLAR LOAN FOR BELIZE
December 07, 2006

The Inter-American Development Bank has approved a 25 million-dollar loan for Belize. T he fast-disbursing loan is to support Belize’s agenda on reforms to restore macroeconomic and financial stability, improve its business climate, and bolster investor confidence.The loan is expected to improve our fiscal position and debt management.To boost revenues, government will introduce a new oil tax regime and implement a general sales tax. It will also proceed with an orderly liquidation of the loss-making D-F-C.The loan will be disbursed in two amounts. The Ministry of Finance will be responsible for carrying out the programme.The loan was granted for 20 years with a five-year grace period and a Libor-based interest rate.

Re: INTER AMERICAN BANK APPROVES $25 LOAN [Re: Marty] #221921
12/07/06 09:58 PM
12/07/06 09:58 PM
Joined: Oct 1999
Posts: 80,498
oregon, spr
Marty Online happy OP

.
Marty  Online Happy OP
GOVERNMENT TO ASK NATIONAL ASSEMBLY TO APPROVE NEW DEBT RELIEF PLAN
December 07, 2006

Government announced yesterday that it will ask the National Assembly to approve a new debt relief program.The National Assembly will be asked to approve financial terms of an offer to exchange most categories of Belize’ outstanding external commercial debt for new U-S dollar bonds.Government says that if the National Assembly approves, the exchange offer will be formally launched later this month. The financial terms are based on economic data and forecasts that have been published by the International Monetary fund as part of Belize’ most recent Article Four Consultation by the I-M-F, and take account of view expressed by creditors during a four-month period of consultations. Government is asking the National Assembly to approve the issuance of new bonds that will mature in 20-29, with principal payments beginning in 20-19.The New Bonds will bear interest in the first three years after issuance at a fixed rate of four-and-quarter percent per year. In years four and five, the rate will increase to six percent, and then level off at eight-and-a-half percent. The terms of the exchange offer are expected to provide that all creditors taking part will receive a cash payment at the closing of the transaction equal to unpaid interest on their tendered claims accrued through to the closing date. Interim debt service payments on the existing debts eligible for this exchange offer will cease immediately.


Links
Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
Maruba Beach Klub and Spa is the premiere Secret Beach spa and restaurant located on the crystal blue waters of the Caribbean Sea at the center of Secret Beach, Belize
First Class Accommodations for the Budget Traveler
First Class Accommodations for the Budget Traveler

Things to do
Specials & Events
Calendar
SPTB Calendar of Events

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
ReefTV
Love FM
The Reporter
PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites
To Get Your Questions Answered

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
Cayo Event Calendar

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Belize Happy Adventures
Conch Creative
Caribbean Culture & Lifestyle
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We handle all aspects of the purchase of your Real Estate in Belize. From in depth property searches to your final closing.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
July
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
ShoutChat Box
Who's Online Now
0 registered members (), 65 guests, and 0 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums44
Topics77,349
Posts495,772
Members20,171
Most Online7,413
Nov 7th, 2021



AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.7.1