MIAMI, United States. – The Cuban Government ratified this Tuesday its “commitment” to fulfill the financial obligations contracted with the Paris Club, according to a note published by Cubaminrex and reproduced by official means of the Island.
For its part, the news agency EFE reported that the Havana regime had reiterated its position in a routine meeting in the French capital with representatives of the 14 member creditor countries of the group, in which the progress of the reorganization of debt payments agreed upon a year ago was evaluated .
The official delegation of the Cuban regime was headed by Deputy Prime Minister Ricardo Cabrisas, the main negotiator of the island’s foreign debt, who also met with Emmanuel Moulin, director general of the French Treasury and president of the Paris Club.
According to the official agency Latin PressThe bilateral relationship between France and Cuba was also addressed at the meeting.
In 2015, the Cuban regime signed a historic agreement with the Paris Club, which forgave it $8.5 billion of a total debt of $11 billion and undertook to pay the remaining amount in installments until 2023.
Even so, Havana partially failed to comply with its obligations in 2019, and in 2020, when it declared itself unable to meet the corresponding payment and requested a two-year moratorium for a total of some 200 million in overdue payments to the Paris Club.
Cabrisas’s meeting with representatives of the Paris Club took place three days after the Russian president, Vladimir Putinwill sign a law that ratifies the postponement of the payment of the debt contracted by Cuba with Moscow.
Between 2006 and 2019, Russia granted around 2.3 billion dollars of state credits to the Island regime.
The Cuban delegation sent to France was also made up of Otto Vaillant, the Island’s ambassador to the European country; Vladimir Regueiro, First Deputy Minister of Finance and Prices; Mercedes González, Vice President of the National Office of Statistics and Information; Amelia Morales, general director of Debt and Credit of the Central Bank of Cuba, and Emilio Lozada, general director of Bilateral Affairs of the Ministry of Foreign Affairs (MINREX), among others.
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