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As part of the visit of a Cuban delegation representing the banking community of the Republic of Cuba to the Republic of Belarus a business meeting with management of Belarusbank JSSB was held on 10 October 2006 (press-release)

27.11.2006

During the visit to the Republic of Belarus, the Cuban banking circles held talks with Nadezhda Ermakova, Chairman of the Board of Belarusbank.

The Cuban delegation consisted of Jorge Barrera Ortega, the first Vice-President of the Central Bank of Cuba, Neisa Delgado Denis, Vice-President of Banko Exterior de Cuba, and Pedro Ravela Baluha, Commercial Expert of Banko Exterior de Cuba. The foreign guests were accompanied by Omar Senon Medin Kintero, Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba to the Republic of Belarus, Lurdes Iera Sanches, Adviser of the Embassy of the Republic of Cuba to the Republic of Belarus and officers of the National Bank of the Republic of Belarus and the Ministry of Foreign Affairs. The meeting was also attended by G.A. Mitskevich, Deputy General Director of “Beleximgarant”.

During the meeting, the Cuban partners received detailed information on the main directions of Belarusbank’s activities, its achievements and perspectives. The Cuban delegation presented information about the structure of the Cuban banking system and its development.

The participants in the discussed interbank cooperation development plans and the opportunities to further strengthen and develop business contacts between the parties – in particular, the possibility of providing export financing to deliver “MAZ” buses to the Republic of Cuba in the total amount of Euro 11 million, covered by the specialized state-owned export/import insurance company “Beleximgarant”. The participants of the meeting confirmed that The Cuban Ministry of Finance had expressed its readiness to submit a guarantee to implement this project.

The talks resulted in the parties’ stating their commitment to develop mutually beneficial cooperation.

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