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Belize’s Green Buyback: A Template for Future Sovereign Debt Restructurings
Capital Markets Law Journal  (IF),  Pub Date : 2021-10-26, DOI: 10.1093/cmlj/kmab030
Mitu Gulati

Belize, as of this writing, is undertaking a restructuring of its sovereign bonds. Hard hit by covid and general economic woes, this is that nation’s fifth debt restructuring over the past decade and a half. This time though, Belize is trying to do something different with its restructuring. Something that just might contain lessons for other emerging market nations struggling with covid-related economic downturns.