According to Reuters, France is expected to sign a deal offering more debt relief to Cuba during Raul Castro’s five day trip to Paris. Mr. Castro’s visit, which begins on Saturday, is the first trip of a Cuban head of state since his brother, Fidel Castro, visited France in 1995. Half of the outstanding arrears … Read more
Cuba has concluded a deal with certain of its Paris Club group of creditors to restructure its debt on favorable terms. The Cuba Group of the Paris Club creditors includes 14 of the 19 sovereign, industrialized nations that have existing defaulted debt with Cuba. France is the largest single creditor. The US is not part … 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
