News and Facts about Cuba

Cuba owes Australia almost $10m from 1980s

Cuba owes Australia almost $10m from 1980s
By AAP

The Cuban government is yet to pay back almost $10 million it borrowed
from Australia more than 30 years ago.

The Hawke government issued two loans to Cuba in 1984 and 1985 to
support the sale of sugar cultivation and harvesting equipment.

Australia is still owed $9.49 million in principal, after nearly
$156,000 was paid in October last year.

No interest payments have been made, Foreign Affairs Minister Julie
Bishop said in a written response to a question from Liberal backbencher
Eric Abetz.

Under terms of the bilateral agreement of treatment, interest does
not accrue or become payable until 2021.

Source: Cuba owes Australia almost $10m from 1980s – 9news.com.au –
www.9news.com.au/national/2017/02/21/12/23/cuba-owes-australia-almost-10m-from-1980s

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us
Visit Us On TwitterVisit Us On FacebookVisit Us On Google PlusCheck Our Feed
Donate for Servers
We run various sites in defense of human rights and need support to pay for more powerful servers. Thank you.
Cubaverdad on Twitter
Archives