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Cuba and Creditors Agree to Regularize Arrears
The Cuban Government and the Group of Creditors to Cuba agreed in Havana to regularize arrears to regularize a sum of 2.60 billion USD on debt due in 18 years.

The agreement provides a framework for a sustainable, final solution to the issue of delays in payments by the Island, a global debt of 11.10 billion U SD, incuding interests, until October 31, 2015, said a communique released by the Group.

During the meeting, held on Dec.10-12 in this capital, the Cuban delegation made a description of the country's economic-financial situation and presented the measures implemented by the government aimed at supporting the nation's economic development.

The Group of Creditors extolled the progress made by Cuba towards a normalization of its relations with them and with the international financial community.

The execution of payments by virtue of a formal commitment to regularize its arrears constitutes a necessary, important step for the normalization of financial relations between the parties, said the communique.

The exports credit agencies of the countries that form the Group of Creditors to Cuba that want to do it , will be able to resume their export credit activities, said the text. / PL.

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