Cuba Pledges to Repay Outstanding Debts Despite US Sanctions

Cuba's ODA (Official Development Assistance) levels are comparatively low, at around US$191 million. Nevertheless, Cuba is regarded as a reliable payer.

RIO DE JANEIRO, BRAZIL - Cuba will fulfil its commitments to the Paris Club. The Cuban government has pledged to do so in a letter to the club's president and assured the president of the group of 14 creditor countries, Odile Renaud-Basso, that the deferred payment will be effected by May.

Deputy Prime Minister Ricardo Cabrisas had notified the creditors of the postponement during his visit to Paris in January and outlined the reasons. As previously reported by President Miguel Díaz-Canel and other high-ranking members of the government, Cabrisas also pointed out that the current financing . . .

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