Cuba Business News and Information


Cuba’s Castro to Discuss $400 Mln Debt to Mexico


Posted July 07, 2003 by Publisher in Cuba Business > Cuba-World Trade

Tools: Email this article | Print this article | Search Havana Journal

(Bloomberg)—Cuban President Fidel Castro and Mexican Foreign Minister Ernesto Derbez will discuss a repayment schedule for the Caribbean island’s $400 million debt to Mexico’s import-export bank, Reforma newspaper reported.

Castro and Derbez will meet on the sidelines of a summit of the Caribbean Community and Common Market in Jamaica today to discuss a restructuring plan for a loan granted to Cuba by Banco Mexicano de Comercio Exterior in the early 1990’s, among other topics, the paper said, citing Miguel Hakim, deputy foreign minister for Latin America.

“The process is in the hands of the lawyers’‘ and Derbez will seek to “renew these relations that have suffered negative effects in the past months,’‘ the Mexico City-based paper quoted Hakim as saying.

Relations between Mexico, one of Cuba’s main trading partners, and the island nation have been strained as Mexico increased its U.S. ties. Jorge Bolanos, Cuba’s ambassador to Mexico, said Mexico’s vote in favor of a United Nations resolution condemning Cuba’s human rights record, would hurt relations between the two countries.

----------------------------------------------------------------------------------------



CONTACT US with news tips, press releases, announcements, travel notes, etc

Comments

No comments have been posted yet.

Submit a comment


Please register and/or log in

Only members can submit comments.

Notify me of follow-up comments?

View all Havana Journal business articles in 2010

Cuba Marketplace


BUY CUBAN CIGARS

Cuban Coffee

Cuban Birth Certificates

Cuba Consulting


Images of Cuba


Hope for the Future - painting of Cuban school children
Cuban cigars grouped before boxing
Sun at Three - Cuban painting

Write Here


CONTACT US with news tips, press releases, announcements, travel notes, requests for information, etc.

Write your own article

Section Archive


Cuba news from this Section dated:

RSS Subscriptions


Miscellaneous


Please note that US citizens are restricted by US laws that prohibit the purchase of any products made in Cuba. US citizens are also restricted by law to spend any money in Cuba.

HavanaJournal.com is a Cuba information resource and does not endorse sales of Cuban products to US citizens.