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Cuba receives loan from India for 100 million euros

This content was published on June 27, 2022 – 23:39

Havana, June 27 (EFE) .- India’s Exim Bank has granted Cuba a loan of 100 million euros (equivalent to 105.8 million dollars).

The agreement was signed between the Foreign Bank of Cuba and the Bank of the Asian country in the framework of a political consultation meeting in Havana, which was attended by the Deputy Prime Minister of Cuba, Ricardo Caprizas, and the Deputy Minister of External Affairs of India. Saurabh Kumar.

The Cuban Agency for News (ACN) reported that Caprizas and Kumar held talks in which they recognized the positive state of bilateral relations and acknowledged the wide opportunities to “strengthen economic, commercial, financial and cooperative ties” between Cuba and India.

The island’s Deputy Prime Minister highlighted the role the Asian country can play in the development of sectors identified as priorities in the National Economic and Social Development Plan until 2030.

The Cuban Ministry of Foreign Affairs also reported on the exchange between Deputy Foreign Minister Anayansi Rodriguez and her Indian counterpart, Saurabh Kumar, in which they recognized the intention to strengthen bilateral cooperation in the fields of health, biotechnology, renewable energy sources, agriculture, telecommunications, and sports. and education.

At the meeting, they discussed tackling the pandemic and economic recovery and support in international forums.

India is one of Cuba’s top 20 trading partners in the Asia and Oceania region and has provided important loans to implement projects in the agricultural and renewable energy sectors.

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It has sent donations to alleviate the damage caused by Hurricane Irma in 2017 to Cuba and agricultural equipment to promote bilateral cooperation.

Indian President Ram Nath Kovind visited Cuba in 2018 with an agenda marked by cooperation in the health sector, including the signing of four MoUs in areas such as biotechnology, traditional medicine and renewable energies. EFE


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