Cuba Reveals Health, Hotel, Other Service Earnings

www.oann.com | 9/4/2005 | Staff
blacky (Posted by) Level 3
HAVANA (Reuters) – Cash-strapped Cuba on Friday for the first time published details of its foreign exchange earnings from services such as telecommunications, hotels, health and education assistance, in an apparent concession to creditors.

Service exports make up most of the Communist-run country’s foreign exchange earnings. But for decades the Caribbean island nation has refused to publish details despite requests by foreign governments and businesses.

Number - Diplomats - Debt - Trade - Talks

A number of western diplomats involved in debt and trade talks with Cuba in recent months have expressed frustration that officials have not provided details on the country’s financial situation.

A common complaint of potential foreign business partners is that their Cuban counterparts refuse to provide information needed for proper due diligence, for example, when discussing potential collateral through telecommunications or transportation earnings.

Report - National - Statistics - Office - Web

According to the report on the National Statistics Office web page (http://www.one.cu/aec2018/08 Sector Externo.pdf) the biggest export earner in 2018 was health services at...
(Excerpt) Read more at: www.oann.com
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