Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest


Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

Cuba to issue sovereign bonds to finance fiscal deficit
Published on July 5, 2014 Email To Friend    Print Version

HAVANA, Cuba (ACN) -- Cuba plans to finance its 2013-2014 fiscal deficit by issuing sovereign bonds, which will be acquired by the country's commercial banks, the Cuban finance and price ministry announced on Wednesday.

During debates at the Parliament's Economic Commission, the ministry's director of budget, Jesus Matos, told PL news agency that the initiative will finance the public debt without funneling money into circulation, but by using bonds payable in 20 years with redemption based on a 2.5 percent interest rate.

The official said the amount of bonds will reach 1.8 billion Cuban pesos (equivalent to $1.8 billion at the official exchange rate), which is the planned figure of the budget deficit.
Reads: 4284

Click here to receive daily news headlines from Caribbean News Now!



No comments on this topic yet. Be the first one to submit a comment.


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.


Other Headlines:

Regional Sports: