1. Considering the low prices of the superbonds, Central Bank can use its reserves, which were around 4 months of imports at the end of 2011, in order to secretly repurchase 8.5% notes at 50 cents on the dollar and then refinanced the amount with a multilateral at an interest rate of perhaps 3%.(insert Vice President Joe Biden comment about Obamacare here )
2. Elimination of the bond amortization which is supposed to start in 2019 would create a win-win situation Since Belize would have difficulty making such amortization payments anyway.
3.The GOB could sell "carbon stocks" to foreign governments of industrialized countries wishing
to comply with international efforts to reduce emissions of greenhouse gases
from deforestation and forest degradation (known as REDD or REDD+). As an example, Norway’s $1 billion USD REDD+ investment in Indonesia.