Today, While the press had the opportunity, we asked the Financial Secretary to give a brief outlook on the country's current ability to manage its debts while factoring in the downsizing of monies coming in from Petrocaribe.
Here's how that conversation went:
Mike Rudon, Ch5
"Where are we at this point?"
Joe Waight, Financial Secretary
"We are down to about 15 million dollars. Remember we have compensation payments to make and commitments coming out of it and we borrowed as well."
Mike Rudon, Ch5
"In terms of repayment. Not only for Petrocaribe, but governments' debts on a whole. What is the figure in terms of repayment every year?"
Joe Waight, Financial Secretary
"The super bond is half our debt and half our payment and then the rest is made up of bilateral which is Petrocaribe, World Bank and others and we are paying on the super bond 50 million dollars Belize on interest and another 50 million. Should be about 120 million dollars."
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