Cuba and Italy Regularize Bilateral Debt

Cuban News Agency

Four agreements were signed, which together regularize the situation of debts and include the General Agreement for debt restructuring in the medium and long term

Cuba and Italy Regularize Bilateral Debt (Photo: Jose M. Correa)

Ricardo Cabrisas, vice-president of the Council of Ministers, received Mario Giro and Ivan Scalfarotto, deputy minister of Foreign Affairs and International Cooperation and Economic Development Secretary, respectively, of the Ministry of Economic Development of the Italian Republic.

During the meeting, held on Tuesday as part of the process of
implementation of the Multilateral Agreement signed between Cuba and the Ad-Hoc Group of Cuba Creditor Countries in the Paris Club, four agreements were signed, which together regularize the situation of debts and include the General Agreement for debt restructuring in the medium and long term.

The agreements are on the debt associated with the Official Development
Assistance; on the debt contracted with the Italian Agency of Insurance of
Credits to Exporters (SACE); and on the establishment of a Cuba-Italy
Bi-national Committee.

Thus, it was