We noticed that you're using an unsupported browser. The TripAdvisor website may not display properly.We support the following browsers:
Windows: Internet Explorer, Mozilla Firefox, Google Chrome. Mac: Safari.

Belize Government Debt

St Paul, MN
Level Contributor
91 posts
5 reviews
Save Topic
Belize Government Debt

Is anyone concerned about how the Belize government's inability to pay their major debt will affect the country, the people and tourism?

San Ignacio, Belize
Level Contributor
4,753 posts
276 reviews
Save Reply
1. Re: Belize Government Debt

Too busy to be concerned. Can't tell what will happen. I do find it disingenuous that investors would 'help out' a 3rd world country by lending a lot of money, and then saddling them with crushing debt that no country could ever hope to pay off.

Edmonton, Canada
Level Contributor
6,041 posts
74 reviews
Save Reply
2. Re: Belize Government Debt

This could be Argentina all over again:

…wikipedia.org/wiki/…29

Davie, Florida
Level Contributor
11,187 posts
2 reviews
Save Reply
3. Re: Belize Government Debt

likely will play out like other similar situations. The WB will come in and negotiate a lot of debt reduction and the cycle will start all over again.

Placencia, Belize
Level Contributor
2,041 posts
12 reviews
Save Reply
4. Re: Belize Government Debt

This is very unlikely to have a negative effect on tourism and it would not concern me as a visitor.

San Ignacio, Belize
Level Contributor
4,753 posts
276 reviews
Save Reply
5. Re: Belize Government Debt

There's no way it could be like Argentina. The amount is probably a percent of a percent of a percent what they owed. Conversely, there's a 1000 times more apathy towards the corruption - you can't imagine how often you hear someone say, 'half the money goes into their pockets,' without even a smirk - so people don't have the motivation, or time due to working the land, to revolt. Katzgar's right: it'll probably just be saddled on the next generation.

Edited: 22 August 2012, 19:19
St Paul, MN
Level Contributor
91 posts
5 reviews
Save Reply
6. Re: Belize Government Debt

Thanks for all of your comments. Lots to think about.

7. Re: Belize Government Debt

-:- Message from TripAdvisor staff -:-

This topic has been closed to new posts due to inactivity. We hope you'll join the conversation by posting to an open topic or starting a new one.

To review the TripAdvisor Forums Posting Guidelines, please follow this link: http://www.tripadvisor.com/pages/forums_posting_guidelines.html

We remove posts that do not follow our posting guidelines, and we reserve the right to remove any post for any reason.

Removed on: 24 August 2013, 06:15