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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. “The discussions enabled us to come closer to finding a solution to delays in meeting (Cuba’s) obligations . negotiations will continue to establish a new payment plan agreeable to both sides,” a brief statement released on Thursday evening said. William Roos, co-chairman of the Paris Club, had said on Wednesday that he proposed a plan which apparently was rejected.

Ciudad de la habanaUnited kingdomFrance generalKirsten donovanMarc frankRicardo cabrisasNelson acostaWilliam roosWorld bankInternational monetary fundParis clubForeign investmentCooperation minister ricardo cabrisas