Question to the HM Treasury:

To ask His Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 22 November (HL158), why they agreed to defer Cuba’s debt repayments in 2021, how much the UK is owed by Cuba as a member of the Group of Creditors of Cuba, and when payment is expected.

As outlined in the answer to HL549, the Group of Creditors to Cuba (GCC), including the UK, agreed in 2021 to defer payments due under the 2015 Agreement. This was on the basis of the Republic of Cuba’s economic and financial situation and the Cuban Government’s efforts to support Cuban economic development in the context of Covid-19.

The GCC and Cuba have confirmed their willingness to preserve the 2015 Agreement and commitment to ensure its full implementation. The GCC has not published the terms of implementation.