Cuba has insisted that it is willing to talk to “legitimate” creditors about repayment of billions of dollars of Fidel Castro-era foreign debt, even though its communist government is fighting in the High Court in London to dismiss a claim by a Cayman Islands-registered fund.
Private sector bondholders, who are owed an estimated $7bn of unpaid Cuban debt dating back to at least the 1980s and interest, say that Havana has for years stonewalled their proposals for negotiations.
But two Cuban ministers indicated in rare interviews with the Financial Times a willingness to engage with creditors as Havana seeks to extricate itself from its worst economic crisis in decades.
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