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UPDATE: Cuban Government Could Finance Debt With US Companies

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Tuesday, 10 November 2015 15:51

In a recent interview with Radio Martí, Mauricio Tamargo further discusses ways in which the Cuban government could finance debt with US companies in order to pay American certified claims.

Screen Shot 2016-04-05 at 2.13.18 PMTamargo explains, "If we lift the embargo, Cuba will make lots of money with their business and will sell many of their products here in the United States, and if they can finance the debt."

The Cuban government could use the proceeds from exports to pay the $7 billion outstanding claims. Tamargo compares similar deals with Vietnam and Russia that were successful. Solving such financial discrepancies are key in establishing business relations internationally which is generally the main motivator in reaching an agreement. 

Experts have considered the possibility that the two countries reach an agreement on debt investment, giving American entrepreneurs the amount as an investment in certain Cuban companies. 

Tamargo does note that given the state of the Cuban economy, such alternative means of financing should not be ruled out.

The original article (in spanish) can also be found here.

 

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