He called on bondholders to conduct "reasonable" talks in good faith to reach an agreement since the amount represents 97 percent of the country's commercial external debt.
Briceño also pointed out that at least 45 cents of every dollar allocated for debt servicing are delivered to bondholders to cover the interest on the debt alone.
On June 11, bondholders must decide whether or not to extend the grace period for the collection of the most recent debt service.
1/2-Congratulations @Simone_Biles, who became the first woman to win 7 U.S. All-Around titles. She now has more all-around titles than any other woman in history! ���� She is Belizean-American & has said in interviews that Belize is her favorite destination & her second home… pic.twitter.com/eZLfBhdVTQ
Last week, lawmakers approved a bill to boost the country's international financial services by amending the Income and Business Tax Act. They said this sector has been in a sustained decline over the last five years."
Briceño plans to boost the national economy amid the COVID-19 pandemic by providing loan facilities to tourism and agricultural enterprises and expanding investment projects at the free trade zone.
He announced also an official visit to Mexico in September to settle on a "Partial Scope Agreement" on exports.