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Weekly report on Cuba's tourism industry
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Cuba Signs Bilateral Agreements on Debt
Monday, May 23, 2016

Havana.- Cuba signed agreements to regularize its debt with Switzerland and Australia, as part of the process of negotiations with the Paris Club.

In the case of the European country, the parties agreed that the agreement is an important mechanism for strengthening economic, trade and financial relations.

As for Australia, the said agreement was signed by the director of the State Corporation for Credit Insurance and Export Financing, Ian Gates.

It is noteworthy that Cuba has reached an agreement with the Paris Club, which allowed leaving pending payments at 2.6 billion dollars, which will be paid in 18 installments.

This stage was set in the context of the reopening of political dialogue and economic cooperation with the European Union and the resumption of diplomatic relations with the United States.



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