Cuba: bonds

Cuba's precarious economic position is complicated by the high price it must pay for foreign financing. The Cuban Government defaulted on most of its international debt in 1986 and does not have access to credit from international financial institutions like the World Bank. Therefore, Havana must rely heavily on short-term loans to finance imports, chiefly food and fuel, and structured financial instruments tied to more stable revenue sources (e.g., nickel, tourism, and remittances). Because of its poor credit rating, an $18 billion hard currency debt, and the risks associated with Cuban investment, interest rates have reportedly been as high as 22%.

Sovereign rating

Rating AgencyRatingRating scaleDate
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
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Currencies

Daily indices

Type: 09/25/2017 09/22/2017 09/21/2017 09/20/2017 09/19/2017 09/18/2017 09/15/2017
Exchange Rates (Emerging Markets)
USD/CUC 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
USD/CUP 26.5000 26.5000 26.5000 26.5000 26.5000 26.5000 26.5000
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Macroeconomic Indicators (World economy)

Yearly indices

Type 2016 2015 2012 2011
Government Debt to GDP (World), %
Government Debt to GDP(Cuba)     17.10 20.20
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Cuba) 4.50 4.60    
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150 000
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countries
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