§ Sir Thomas Arnold
To ask the Chancellor of the Exchequer what is Cuba's external public debt; and how much is owning to Her Majesty's Government or agencies thereof.
§ Mr. Nelson
We have no reliable estimate of Cuba's total external public debt. The OECD estimates Cuba's total external debt at $35 billion—end 1993.
A total of £54.6 million is currently owed to HMG under four bilateral debt rescheduling agreements. A further £17.1 million, plus late interest, remains outstanding under contracts insured by HMG through the Exports Credits Guarantee Department.