On Monday, September 19, Ricardo Cabrisas Ruiz, a vice president of the Cuban Council of Ministers and minister of Economy and Planning, received a Japanese delegation led by the honorable Masaru Watanabe, Japanese Ambassador to Cuba.
During the meeting, and as part of the implementation process of the Multi-lateral agreement between Cuba and the Paris Club Ad-hoc Group of creditors, an accord restructuring the island’s medium and long term debt with Japan was signed.
As such, Cuba’s medium and long term debt has been completely restructured with thirteen of the fourteen member countries of the Paris Club Ad-hoc Group, opening up new opportunities to secure financing for projects linked to the island’s socio-economic development.
During the meeting, both parties emphasized the positive state of bilateral relations and highlighted opportunities to strengthen ties in the spheres of economy, trade, investment, and cooperation.
In addition to Masaru Watanabe, representing Japan at the meeting were Ryosuke Yamakura and Jun Komase, embassy advisor and third secretary respectively; Ken Hashiba and Shigetomo Maruhashi, from the Ministry of Foreign Relations; Takeshi Yasuraoka, a Ministry of Economy, Trade and Industry (METI) official; as well as Keiji Wada and Arihiro Saito, from the NEXI export and investment insurance company.
Participating on the Cuban side were Amelia Morales Domínguez, deputy minister of Economy and Planning; René Lazo, president of the National Bank of Cuba; Arnaldo Alayón and Isaac Hernández, vice president and director of the Central Bank of Cuba, respectively; Rigoberto Enoa, director of the Ministry of Foreign Trade and Investment; and Carlos Miguel Pereira Hernández, Cuban Ambassador to Japan, among other officials.