French development agency takes over management of debt fund

CUBA STANDARD — French development agency AFD, which opened an office in Havana in 2016, took over the management of a bilateral countervalue fund that is fed by Cuban debt service payments, according to a Tweet by a Cuban Foreign Trade and Investment Ministry official.

The same day, two projects in Cuba were approved to receive money from the fund, according to Yamila Fernández del Busto, the Foreign Trade Ministry official. No details have been announced.

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