Article Cuba; Mexico: 70% of Debt Forgiven

(Nov. 8, 2013) The Mexican Sectary of Finance and Public Credit (SHCP), Luís Videgaray, reported that the Mexican Government will forgive payment of 70% of Cuba’s debt to Mexico, which amounted to about US$487 million. The federal officer explained that this debt came from a loan that the Cuban government obtained from the National Foreign Trade Bank (Bancomext) almost 15 years ago. (México Condonará 70% de Deuda a Cuba, EL UNIVERSAL (Nov. 1, 2013).)

Videgaray said in a radio interview that Cuba will pay the remaining 30% of the debt within ten years. He added that this payment arrangement will allow the restoration of diplomatic relations and other relations with the island nation. (Id.)

About this Item

Title
Cuba; Mexico: 70% of Debt Forgiven
Online Format
web page

Rights & Access

Publications of the Library of Congress are works of the United States Government as defined in the United States Code 17 U.S.C. §105 and therefore are not subject to copyright and are free to use and reuse.  The Library of Congress has no objection to the international use and reuse of Library U.S. Government works on loc.gov. These works are also available for worldwide use and reuse under CC0 1.0 Universal. 

More about Copyright and other Restrictions.

For guidance about compiling full citations consult Citing Primary Sources.

Credit Line: Law Library of Congress

Cite This Item

Citations are generated automatically from bibliographic data as a convenience, and may not be complete or accurate.

Chicago citation style:

Cuba; Mexico: 70% of Debt Forgiven. 2013. Web Page. https://www.loc.gov/item/global-legal-monitor/2013-11-08/cuba-mexico-70-of-debt-forgiven/.

APA citation style:

(2013) Cuba; Mexico: 70% of Debt Forgiven. [Web Page] Retrieved from the Library of Congress, https://www.loc.gov/item/global-legal-monitor/2013-11-08/cuba-mexico-70-of-debt-forgiven/.

MLA citation style:

Cuba; Mexico: 70% of Debt Forgiven. 2013. Web Page. Retrieved from the Library of Congress, <www.loc.gov/item/global-legal-monitor/2013-11-08/cuba-mexico-70-of-debt-forgiven/>.

More Articles like this