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Written question asked by Lord Blencathra (Conservative) on Thursday, 23 November 2023, in the House of Lords. It was due for an answer on Thursday, 7 December 2023. It was answered by Baroness Vere of Norbiton (Conservative) on Wednesday, 6 December 2023 on behalf of the Treasury.


Debts: Cuba

Question

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.

Answer

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.


Secondary information

Type
Written question
Reference
HL549
Session
2023-24
Related items
Debts: Cuba
Wednesday, 22 November 2023
Written questions
House of Lords
Subjects
Debts Debts written off Cuba Paris Club
Link
View this Written question on www.parliament.uk