Cuba receives line of credit from India for 100 million euros

(EFE).- The Exim Bank of India granted Cuba a line of credit for 100 million euros (equivalent to 105.8 million dollars), state media on the island reported Monday.

The agreement, announced by the Indian press in April, was signed between the Foreign Bank of Cuba and the bank of the Asian country in the framework of a meeting of political consultations held in Havana and in which the Cuban Vice Prime Minister, Ricardo Cabrisas, and the Deputy Minister of Foreign Affairs of India, Saurabh Kumar.

Cabrisas and Kumar held talks in which they recognized the positive state of bilateral relations and agreed on the broad prospects for “strengthening economic, commercial, financial and cooperation ties” between Cuba and India, according to the Cuban Agency for News (ACN).

The island’s deputy prime minister highlighted the role that the Asian country can play in the development of sectors identified as a priority in the National Economic and Social Development Plan until 2030

The island’s deputy prime minister highlighted the role that the Asian country can play in the development of sectors identified as a priority in the National Economic and Social Development Plan until 2030.

The Cuban Foreign Ministry also reported on the exchange between Vice Foreign Minister Anayansi Rodríguez and her Indian counterpart, Saurabh Kumar, in which they ratified the purpose of strengthening bilateral collaboration in areas such as health, biotechnology, renewable energy sources, agriculture, telecommunications, sports and education.

At the meeting they also discussed confronting the pandemic and economic recovery, as well as support in international forums.

India, within the Asia and Oceania region, is one of Cuba’s top 20 trading partners and has granted important lines of credit for the execution of projects in the agricultural and renewable energy sectors.

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

The president of India, Ram Nath Kovind, paid a visit to Cuba in 2018 with an agenda marked by cooperation in the health area that included the signing of four memorandums of understanding in fields such as biotechnology, traditional medicine and The renewable energies.

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