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US and Cuba: Back to the table

US and Cuba: Back to the table

July 19, 2016
A group of Cuba’s private creditors is looking to open negotiations with Havana as the government mends ties with the West and warily pursues a thaw with the US. By Pascal Fletcher

Caribbean Funds

In the mid-1980s, Cuban leader Fidel Castro led a noisy international campaign against the foreign debt burdens of developing countries like his own, blasting them as “unpayable” and as a weapon of extortion wielded by “forces of imperialism” led by the US.Three decades later, a Cuban government now headed by his younger brother Raúl Castro is not only engaged in a cautious rapprochement with its former enemy Washington, but has also successfully negotiated debt restructuring and forgiveness dea

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