Belize has been awarded the “2013 Sovereign Restructuring Deal of the Year” by Latin Finance. According to a Government release, following the successful conclusion of landmark negotiations between creditors and the Government of Belize to restructure the country’s five hundred and forty seven point five million US dollar superbond in March 2013, it was announced last week that the transaction has been awarded the 2013 Sovereign Restructuring Deal of the Year by Latin Finance, the premier financial publication covering the markets of Latin America and the Caribbean. The Government of Belize formally received the award at a ceremony held at Gotham Hall in New York City last Thursday. Accepting the award on behalf of the people of Belize and Prime Minister Dean Barrow was Michael Peyrefitte, Speaker of the House, who himself played an instrumental role in facilitating the negotiations with creditors that began in mid-2012. Peyrefitte was responsible for arranging a series of top-level meetings between the Prime Minister and the Co-Chairs of the Coordinating Committee that led to the key break-through in the discussions, and continues to serve as a liaison between Belize and the international financial community.
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