Cuba Achieves Debt Reordering With International Creditors
During his speech, Cabrisas emphasized that the blockade has been the main obstacle to the country’s development and that its intensification in recent years has further exacerbated economic difficulties. Jan 17, 2025 Photo: @teleSURtv
January 17, 2025 Hour: 9:34 pm
He thanked the creditors for their understanding and sensitivity to the challenges facing Cuba, underlining the importance of the European Union’s support in the negotiation process, with France as the host country.
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Cuba has reached an agreement on the reordering of its debt following a meeting in France with 14 creditor countries.
The Cuban delegation, headed by Deputy Prime Minister Ricardo Cabrisas, described the difficult economic situation of the island, highlighting the adverse effects of various factors, including the prolonged economic, commercial, and financial blockade imposed by the United States for more than six decades.
During his speech, Cabrisas emphasized that the blockade has been the main obstacle to the country’s development and that its intensification in recent years has further exacerbated economic difficulties.
He thanked the creditors for their understanding and sensitivity to the challenges facing Cuba, underlining the importance of the European Union’s support in the negotiation process, with France as the host country.
The Deputy Prime Minister reiterated Cuba’s willingness to meet its financial commitments and the need to move forward with bilateral agreements that would facilitate this process. The creditor group includes nations such as Australia, Belgium, Canada, France, Japan, and the United Kingdom, among others.
Debt management is crucial to the country’s economic recovery, and the willingness of creditors to renegotiate terms reflects an openness to dialogue in a complex international context.
Autor: MLM
Fuente: @R_Malmierca - Cubadebate
