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Cuba Renegotiates its Debt with the Paris Club

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Representatives of the Paris Club group of Cuba creditors and a Cuban government delegation headed by Deputy Prime Minister Ricardo Cabrisas met in Paris on June 9. The parties agreed to defer payments under the previous agreement of 2015. Ricardo Cabrisas and... More »

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Cuba Reaches Agreement with the Paris Club

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The Paris Club, a financial organization consisting of officials from 22 developed creditor countries, has reached an agreement for a moratorium on Cuban debt payment this year. The decision was questioned by the US administration which is attempting to cut of... More »

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Cuba reaches debt deal with its creditors

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Update:  Russia forgives $29 billion of Cuban debt from Soviet era.  Spain is also offering debt forgiveness on 1.709 billion euros ($1.88 billion) in interest created by Havana’s  debt to various Paris Club developed nations. News story written by Geert De Cl... More »

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