Beautiful Belize is known for its diving, its wildlife, and its lose banking regulations. Soon, it could be known as being bankrupt! The country, which is seeking restructuring of its $544 million ‘superbond’ has a 30-day grace period to make a payment that was due Monday. A default by Belize won’t have the ripple effect of a Greece’s economic melodrama, but it sure won’t be fun.
Read Mimi Whitefield’s Miami Herald article here: