But the investors aren't moved by language like that. They say the government of Belize has to make right by them - and after 5 restructuring exercises since 2008 - that means bringing in the IMF - because the bondholders can no longer trust the homegrown solution. Government says that indeed, it's strategy must change - but not to an IMF embrace:
Christopher Coye, Minister of State, Ministry of Finance
"What it has been no doubt has been a period of kicking the can down the road and in this administration we feel that cannot occur any longer and I think Mr. Ross would agree with that. It is just the mechanism by which we now deal with the problem that we have. We believe that our homegrown recovery plan is the best way to deal with it and he believes that the IMF approach is the best way. That's just where the difference of opinion is. I believe that looking at our plan, it has more of a conscience, if you will, than what an IMF approach would involve. The reality is we have a tough situation that we face, we are in an economic crisis and a fiscal crisis and the hard decisions have to be made to get us out of it and we feel that our homegrown plan is the best way."
