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Live Update COVID-19

📣 Two More Cases of COVID-19 Confirmed.                      📣 PRESS RELEASE Belmopan. April 6, 2020. 10:30 a.m. – The Ministry of Health has continued to scale up testing for COVID-19 and a further 26 samples were tested on Sunday, April 5th. That scaled up testing has identified two further cases, both males residing in San Ignacio.                      📣 ***PATIENT 4 PASSES*** – Love News has confirmed with a family member that Patient 4 lost his fight against COVID-19. Reports indicate he passed away earlier today after underlying complications.                      📣 Belmopan. April 5, 2020. 8:15 a.m. – Ministry of Health confirms Fifth case of COVID-19 in Belize.                      📣 Today, April 5, 2020 at 03:19 a.m., the expanded testing protocol of the Ministry of Health identified a fifth case of COVID-19. The patient is a Belizean student who returned from Florida.                      📣 The patient arrived in Belize on Friday, April 3rd, and is in self-isolation at a quarantine facility. He is without symptoms and stable.                      📣 A total of 102 samples were processed on April 4th and into the early hours of today. The samples processed included close contacts from both Belize City and San Ignacio and that of health care workers in the Cayo District who had been in contact with patient #4.                      📣 The remaining 101 samples were all negative for COVID-19, and therefore, the Ministry is still unable to determine who the infected contact was for patient #4.
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  • Two More Cases of COVID-19 Confirmed
    Two More Cases of COVID-19 Confirmed

    PRESS RELEASE Belmopan. April 6, 2020. 10:30 a.m. The Ministry of Health has continued to scale up testing for COVID-19 and a further 26 samples were tested on Sunday, April 5th. That scaled up testing has identified two further cases, both males residing in San Ignacio. One of the males identified is a contact of […]

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Banking & Finance

Government Seeks Audience with US Bondholders

Tonight, the Government of Belize is using the recent report from the International Monetary Fund to substantiate the economic trying times that Belize is currently in as they announce their intention of meeting with the country’s US bondholders.  In a release issued by the Government of Belize, officials intend to, quote, “meet with individual bondholders or a committee representing the bondholders (if the bondholders elect to form such a committee) before the end of November to discuss measures necessary to place the 2038 Bonds on a fully sustainable basis. The Government of Belize has retained Citigroup Global Markets Inc. as its structuring advisor and Cleary Gottlieb Steen & Hamilton LLP as its legal counsel in this process.”  End of quote.  According to Financial Secretary, Joseph Waight, any amendments to be made to the terms of the instruments with the approval of the bondholders will need to be implemented before the officials submit their 2017 fiscal year budget to the Belize Parliament.  With the need for the budget to be submitted to parliament for consideration early next year there is the need to expedite the process.  The economic challenges cited in the release includes low growth, rising fiscal deficits, a deteriorating balance of payments position, and declining sovereign debt indicators; challenges that have been exacerbated by slow global growth, U.S. dollar strength, Hurricane Earl, a substantial decline in key commodity production and prices, and the higher than anticipated arbitration awards.  The release continued by stating, quote, “Belize’s 2038 Bonds were issued in 2013 and are the only Government debt securities outstanding in the international capital markets. For a variety of reasons, Belize’s economy has significantly underperformed in comparison with the projections used at the time in setting the terms of the 2038 Bonds.”  End of quote.

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