And, defending its own position, today, the Belize Bank issued a three page press release, tracing the entire history of the debacle, right back to the start of the Universal Health Services project back in 2001.
The bank says, quote, "the current administration has adopted a belligerent approach to the Bank's debt from the beginning."
It concludes, quote, "the Bank Looks forward to the government now settling this debt after years of unnecessary litigation to recover the funds, which at the end of the day were lent from funds deposited with the Belizean Bank by Belizean depositors. The Central Bank of Belize would take a very stern view indeed of any licensed bank not seeking to recover such a debt." End quote.
The Bank's 1,500 word release release does not discuss how the Hospital has ended up in the hands of another private owner without any relief to the guarantor.
