Christopher Coye
The Unions and the Government have been negotiating for weeks now trying to arrive at an amicable solution to an impasse brought on by a salary cut and increment freeze to public officers and teachers. The situation is so tense that the representative unions, the Public Service Union and the Belize National Teachers Union are on strike. The Association of Public Service Senior Managers on Wednesday May 5th also served notice that they will also be joining the other unions on strike. It’s a situation that has government negotiators engaged but based on comments that the Minister of State in the Ministry of Finance has made, it seems there is a disconnect between the offers being made to the unions and the extent to which Government will go to fulfill those offers.
2021 May 11 | Channel5Belize com channel5belize.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channel5belize.com Daily Mail and Mail on Sunday newspapers.
May 10, 2021
Christopher Coye
Will Belize be able to make a scheduled seven-million-U.S.-dollar coupon payment to its international bondholder on time later this month? That is looking more and more unlikely, particularly after the Government of Belize announced today that it will consult with holders of the nation’s so-called “Superbond” about “potential alternatives to punctual payment” of the next payment due on May twentieth. Just what those alternatives to a late payment might be are not clear. Minister of State in the Ministry of Finance Chris Coye told News Five he is not aware of the release on the Central Bank of Belize website. He did, however, say Belize is still trying to get bondholders to consider Belize’s particular situation and confirmed the country is seeking a “haircut” in terms of debt relief. He also addressed comments made by a representative of one of the bondholders, Carl Ross of Granthan Mayo Van Otterloo, about Belize’
7 News Belize 7newsbelize.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 7newsbelize.com Daily Mail and Mail on Sunday newspapers.