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HavanaJournal.com: Cuba Business

Castro a deadbeat?

Posted May 05, 2003 by I-boulware in Cuba Business.
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A request for information regarding Cuba’s ability to pay their bills for non food / medical items

I just returned from Cuba last weekend and my source said that, other than food and meds as approved as part of the new US laws, Cuba is having a hard time paying off their bills.  My source says that payment bogs down about 75%-80%, and stops, or severely slows.  Add to that you must continue paying office rent to the government and if you leave the country, your debt is erased. 

Has anyone else doing business there had similar experiences?

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