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Cuba, Creditors Reach Historic Multi-billion Debt Deal

Cuba has reached a landmark agreement with foreign creditors over billions of dollars in unpaid debt dating back 25 years. The Paris Club of creditor nations announced a deal Monday under which creditors will cancel $8.5 billion in overdue interest payments, in exchange for a promise by Cuba to pay off $2.6 billion of the original debt over the next 18 years. France, Cuba's biggest creditor, led the negotiations. "This accord opens the way to a new era in relations between...

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