Treasury written question – answered at on 6 December 2023.
Lord Blencathra
Conservative
To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 22 November (HL158), what was the rationale behind the decision to defer payments under the 2015 agreement; and when they expect Cuba to make payments against this debt.
Baroness Vere of Norbiton
The Parliamentary Secretary, HM Treasury
In 2021, the Group of Creditors to Cuba (GCC), including the UK, agreed to defer payments due under the 2015 Agreement. This was on the basis of the Republic of Cuba’s economic and financial situation and the Cuban Government’s efforts to support Cuban economic development in the context of Covid-19.
The GCC and Cuba have confirmed their willingness to preserve the 2015 Agreement and commitment to ensure its full implementation.
Yes1 person thinks so
No1 person thinks not
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