Spain and Cuba signed an agreement earlier this month to restructure Cuban debt, according to the Spanish ministry of economy. The ministry noted that medium and long term debts owed by Cuba totals 2.44 billion euros (US$2.81 billion) by the end of last October, and none of these amounts have been repaid. The agreements between … Read more
Today, in a series of high-level meetings, the UK’s Foreign Secretary called on his Cuban counterpart Bruno RodrÃguez and other government leaders to discuss the recent social and economic changes in Cuba, human rights, trade and investment, and the fight against global health threats such as the Zika virus. During the historic visit, the Foreign … Read more
According to a report in the Financial Times, Cuba’s commercial creditors have hired Rodrigo Olivares-Caminal, a professor at Queen Mary University of London, to help organize an effort to negotiate settlement terms for Cuba’s defaulted private sector claims. Background A country’s debt is made up of official debts it has with other countries (bilateral) and … Read more
According to a report by Reuters, Cuba is near a deal with 15 rich creditor nations of the Paris Club to restructure $16 billion in debt stemming from a 1986 default, with creditors expected to forgive most of the amount owed, diplomats close to the talks said. The parties will meet in Paris later this … Read more
