22 December 2009

CUBA: Resumes Payments To Some Foreign Businesses.

REUTERS/
Cuba began paying some Mexican exporters after months of holding back on foreign currency transfers, a sign that its cash crunch may finally be easing.“They may have turned a corner,” observer Benjamin Alvarado told Bloomberg. “This means they probably have sufficient cash flow to meet their debt obligations.” But other creditors owed an estimated $2 billion do not expect to be paid in full in the near future.