Cuba Reaches Debt Agreement with More Bilateral Creditors

Cuba Reaches Debt Agreement with More Bilateral Creditors

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

British Foreign Minister Visits Cuba, Agrees to Restructure Cuba’s Debt

British Foreign Minister Visits Cuba, Agrees to Restructure Cuba’s Debt

Today, in a series of high-level meetings, the UK’s Foreign Secretary called on his Cuban counterpart Bruno RodrĂ­guez 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

Cuba’s Commercial Creditors Prepare to Negotiate

Cuba’s Commercial Creditors Prepare to Negotiate

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