MADRID, Spain.- The President of Algeria, Abdelmadjid Tebboune, announced Thursday that he was canceling all outstanding interest on the Cuban government’s debt and postponing its repayment “until further notice.”
According to what Tebboune said at a press conference together with Cuban President Miguel Díaz-Canel, the decision aims to alleviate the economic impact left in the country by the COVID-19 pandemic.
The Algerian president also offered a solar power plant.
“Algeria offers sister Cuba a photovoltaic power plant as well as will restore the supply of hydrocarbons so that Cuba can reactivate the plants and combat the current power outages,” the Spanish agency cited. EFE.
The official media cubadebate He indicated that during the meeting of the leaders it was agreed to reactivate projects related “to the supply of fuel and the cooperation of both nations in the production of medicines and vaccines; the sugar industry, education, science and culture”.
Abdelmadjid Tebboune too He referred to a session of the Mixed Commission, scheduled for 2023 in Havana.
“Our delegation will go with a group of 150 Algerian investors to examine investment possibilities. I reiterate my welcome to this ‘your second country,’” the African president told Díaz-Canel.
I promised the President, he added, to hold a session of the Mixed Commission in Havana in 2023.
Our delegation will go with a group of 150 Algerian investors to examine investment possibilities.
I reiterate my welcome to this “your second country,” he said. pic.twitter.com/qig6Uj5uYh
— Presidency Cuba ?? (@PresidenciaCuba) November 17, 2022
Algeria for years has provided the Cuban government with resources such as oil, gas, iron, zinc and silver; which is currently becoming more important for the regime due to the crisis that the country is going through. for his partthe regime has supported itself by exporting doctors to the African nation.
Miguel Díaz-Canel is visiting Algeria as part of an international tour that will include Turkey, Russia and China.
Traveling with Díaz-Canel are Vice Prime Ministers Ricardo Cabrisas and Alejandro Gil; Foreign Minister Bruno Rodríguez; the Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca; the Minister of Energy and Mines, Vicente de la O; and the Minister of Public Health, José Ángel Portal Miranda.
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