Cuba Creditors Offer 'Very Significant Relief' in Debt Proposal

Cuba's commercial creditors have offered "very significant debt relief" in a proposal sent to cash-strapped Havana in late January, according to two advisers to the group, in a sign that holders of the defaulted debt are ready to ramp up the pressure.

The communist-run island has seen its financial situation deteriorate in recent months following the deepening of Venezuela's economic crisis, lower revenue from commodity and related exports, devastation wrought by Hurricane Irma and tightening of business and travel restrictions by the U.S. administration under President Donald Trump.

In 2015, Cuba reached...

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By: VOA - Tuesday, 13 February

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