Peoples United Party

Secretariat

PRESS RELEASE

14 August, 2012

GOB Defaults on Bond Coupon Payment The Peoples United Party notes with grave concern the decision of the UDP Government to announce that Belize will not be making the August 20, 2012 Coupon payment due on the 2029 Bond. The Leader of the Opposition was neither consulted on or informed of this very critical decision which has very serious implications for Belizes economy and development. During the Budget debate for 2012/13 the Nation was led to believe that the government had budgeted for this payment and would be honoring the August 20, 2012 payment. We call on the Prime Minister and Minister of Finance to immediately address and inform the Nation on the specific reasons for the decision and the consequences and implications expected to follow. It remains our hope that the Bond Restructuring exercise currently underway is successful. Our party will continue to monitor this process very closely

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Serve the People!

#3 Queen Street, Belize City Telephone: 674-9958 Facsimile: 223-3476 Email: pupsecretariat@yahoo.com