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Western Creditors and Cuba Pledge to Salvage Debt Deal

Western Creditors and Cuba Pledge to Salvage Debt Deal
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Marc Frank: Western creditors and Cuba pledge to salvage debt deal

Rest of World News: Representatives of 14 western creditor nations, grouped in the Paris Club, were in Cuba this week to salvage a debt agreement with the import dependen

Western creditors and Cuba pledge to salvage debt deal

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.

Western creditors and Cuba pledge to salvage debt deal

By Marc Frank and Nelson Acosta HAVANA (Reuters) - Representatives of 14 western creditor nations, grouped in the Paris Club, were in Cuba this week to .

Western creditors and Cuba pledge to salvage debt deal

Western creditors and Cuba pledge to salvage debt deal
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