Voice of America: Mexico to Waive Most of $487 Million Owed by Cuba

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

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Mexico to Waive Most of $487 Million Owed by Cuba Nov 2nd 2013, 00:46, by webdesk@voanews.com (Reuters) The Mexican government is ready to waive 70 percent of a debt worth nearly $500 million Cuba owes it, Finance Minister Luis Videgaray said on Friday, as Mexico seeks to improve ties with the communist island. Speaking on Mexican radio, Videgaray said a loan issued by Mexico's foreign trade development bank Bancomext to Cuba more than 15 years ago had become a debt worth $487 million. "Seventy percent of the debt is to be waived," said Videgaray, adding that a formal announcement would ... Media files: A2A0A31F-6081-4D49-A5C3-2964A0CAA9D3_cx0_cy3_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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