The Blue Bond and its Impact on Belize’s Economic Recovery

Dr. Osmond Martinez

C.E.O. Doctor Osmond Martinez says that the economic recovery of the country is due to multiple initiatives. However, he acknowledges that the blue bond agreement allowed for a decrease of the sovereign debt by twelve percent and continues to have a ripple effect.

Dr. Osmond Martinez, C.E.O., Ministry of Economic Development

“It’s a combination of components. One is renegotiation or the restructuring of the debts, sovereign debts and two is the growth of GDP. For example, what we are doing here today contributes to GDP growth because there is an increase of economic activity and enables an environment to continue with economic growth in Belize. So IMF is very happy with Belize right now.”

Duane Moody

“The blue bond is one of the aspects that helped with that decrease.”

Dr. Osmond Martinez

“Of course, the blue bond had an impact of twelve percent directly onto GDP. But it is when there is an explosion somewhere, you don’t know the damage that it creates; you know it takes time to know. The blue bond transaction has created a positive damage to Belize whereby Belize has something to offer whereby now international agents want to know about the blue bond. And so the blue bond should be one of the main marketing tools for Belize, not only for renegotiation of any sovereign debt but also to let the whole world know that hey, Belize has something to offer.”