By Marc Frank and Nelson Acosta HAVANA (Reuters) - Representatives of 14 western creditor nations, grouped in the Paris Club, were in Cuba this week to ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSHAVANA - Representatives of 14 western creditor nations, grouped in the Paris Club, were in Cuba this week to salvage a debt agreement with the import dependent country which is expected to default on payments for a fourth consecutive year.
Thursday’s statement said Foreign Investment and Cooperation Minister Ricardo Cabrisas had expressed the Communist-run government’s determination to meet its obligations as soon as conditions permitted. The country’s foreign exchange earnings used to import goods and pay debt have fallen by more than 50% since the deal was signed, according to official statistics.
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