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According to the French news agency France Presse (AFP), the Cuban Deputy Prime Minister Ricardo Cabrisas sent the letter to Renaud-Basso, director general of the French Treasury, who is also president of the Paris Club.
AFP reports that the Cuban government has promised to settle several of its debts in 2019 by May at the latest.
In the letter Ricardo Cabrisas recalls that during his visit to Paris in January he explained to the creditors the impossibility of paying on time.
In an ‘exhaustive way’, says Cabrisas, he explained ‘the circumstances that determined that we could not honor our commitments with some creditor countries as agreed in the multilateral Minute signed by the parties in December 2015.’
President Miguel Diaz-Canel and other senior Cuban leaders have acknowledged that the country has financing problems, especially because of the tightening of the US blockade that is intended to suffocate Cuba. (Taken from Prensa Latina)
