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Cuba's debt to the Paris Club creditors increased again in 2025, reaching $4.795 billion, a sign that the regime continues to fail to address one of its main financial issues despite the successive renegotiations of recent years.
The information is stated in the 2025 Annual Report of the Paris Club, which places the official claims against the island at 171.5 million dollars above the level recorded at the end of 2024, when they amounted to 4.624 billion dollars.
Of the total amount owed, 300.8 million dollars correspond to Official Development Assistance loans, while 4,494.7 million belong to other official loans, which account for more than 93% of the debt claimed by creditors.
With this amount, Cuba remains the third largest debtor in Latin America and the Caribbean to the Paris Club, only behind Venezuela, whose debt totals 8,927.3 million dollars, and Colombia, with 5,108.5 million.
The increase occurs just months after representatives of the Cuban regime and the Cuba Creditor Group reached an agreement in Paris, in January 2025, to once again modify the conditions of the consolidation agreements signed in 2015 and 2021.
On that occasion, the Paris Club stated that the new rescheduling provided Cuba with "better conditions to face its economic and financial difficulties in the coming years". However, the organization did not announce a reduction in the amount owed nor reveal a new payment schedule, merely indicating that the goal was to facilitate compliance with existing commitments.
The financial relationship between Cuba and the Paris Club has been marked by renegotiations for a decade. In December 2015, both parties reached an agreement to restructure a debt that then amounted to 11.1 billion dollars, including overdue interest. As part of the agreement, creditors agreed to gradually cancel 8.5 billion dollars in accrued interest, provided that Havana paid the remaining 2.6 billion over a period of 18 years.
The crisis caused by the pandemic forced the regime to request a new renegotiation in 2021. This agreement granted more time to fulfill several overdue payments, although the Paris Club made it clear that it did not represent a reduction of the debt.
The Cuba Creditors Group is made up of Australia, Austria, Belgium, Canada, Denmark, Finland, France, Italy, Japan, the Netherlands, Spain, Sweden, Switzerland, and the United Kingdom. The United States is not part of this mechanism.
The figures published by the Paris Club correspond solely to claims by official creditors and exclude both other external commitments of Cuba and any interest due to delays.
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