Cuba – Meeting between Jean-Baptiste Lemoyne and the Cuban foreign trade minister (6 December 2019)

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Today in Paris, Jean-Baptiste Lemoyne, minister of state, attached to the Minister for Europe and Foreign Affairs, and Rodrigo Malmierca Diaz, the Cuban minister of foreign trade and foreign investment, are co-chairing the Fourth Session of the Franco-Cuban Economic and Commercial Commission and the Fourth Meeting of the Strategic Orientation Committee of the Franco-Cuban Counterpart Fund. Established under the Franco-Cuban agreement on the conversion of Cuban debt signed on February 1, 2016, this fund contains €212 million to fund projects of common interest between France and Cuba in conjunction with the French Development Agency (AFD).

Following these meetings, two new funding agreements will be signed: one in the area of agriturism, worth €5 million, that will help establish a tourism itinerary highlighting the country’s coffee cultivation; and the other involving €2.7 million from the counterpart fund to rebuild Cuban water systems damaged by Hurricane Irma in 2017.

The signing of medium- and long-term agreement between France and Cuba will also be finalized. The agreement will supplement existing guarantees for short-term projects and will enable the state to guarantee, via Bpifrance Assurance Export, further commercial operations by French companies in Cuba, with an upper limit of €150 million for outstanding loans.

These meetings and the conclusion of these agreements illustrate our country’s desire to continue supporting economic development projects for Cuba implemented under the Franco-Cuban Counterpart Fund and the French Development Agency