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January 18, 2023
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Elías Amor: “The regime only talks about debts when there are cancellations or postponements”

Cuba, Deuda externa

MIAMI, United States. — The Cuban economist Elijah Love He assured that the Havana regime is lying about the case for which it has been sued in the British High Court of Justice due to the non-payment of a debt of 72 million euros to the venture capital fund CRF I.

Recently, the Cuban regime presented the journalist and lawyer Humberto López addressing the issue. During his presentation, the spokesman presented the official version of the island’s authorities, which assured that the financial institution has never been a creditor to Cuba.

In an interview offered to CubaNetElías Amor explained that the dictatorship has tried to manipulate the case to clean up its image before international creditors, describing the CRF I as a “vulture fund” and assuring that it has taken action with the Cuban officials involved in the operations.

“The term vulture fund is usually used by the demagogic left that emphasizes the actions of these entities,” said the expert, who recalled that it is precisely the ruined countries that find themselves in need of resorting to these entities.

“It must be taken into account that these venture capital funds do not force any country or any company to subscribe to their debt. Not at all. They are the ones who precisely receive calls from those intermediary countries, commissioned by those same bankrupt countries, so that, in a certain way, they buy those junk bonds that nobody wants.

Amor made it clear that it is hard to believe that there are Cuban officials who have participated in these operations without having received orders from the top staff of the Cuban regime.

On the other hand, the economist recalled that Havana “has only agreed to talk about debts with creditors when there are forgiveness or postponements, when a little gift appears.”

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