Prime Minister: Blue Bonds “Win-Win” for Belize and Mother Earth

On Friday the details of the much touted Blue Bonds arrangement were finalized. The initiative includes the buy-back of over five hundred million dollars of the Super bond and the creation of a fund containing millions of dollars for conservation of marine areas in Belize. It is something the Prime Minister John Briceño says is definitely worth celebrating, when he appeared this morning on Channel Five’s Open Your Eyes.

Prime Minister John Briceño

“I want to bring this home, that the areas that we are going to be setting up as conservation areas, it is not going to be areas between the reef and the mainland, so where our fisher folks do most of their work. It is something exciting, it is something new, it is something that the rest of the world is looking at, I mean this is the largest by far, the largest marine, or conservation buy out that has been done. The beauty about it is that we have debt forgiveness. A lot of small countries like Belize we were at about a hundred and thirty percent of debt to GDP, so we get debt forgiveness and at the same time setting up monies for conservation. So it’s a win-win for us as Belize and for Mother Earth for everyone.”