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Cuba signed an accord on rescheduling debt.

Cuba, which has been urging Third World nations to repudiate their foreign debt, agreed on a rescheduling plan for some of the debt that it owes to foreign banks, Credit Lyonnais said. Credit Lyonnais, the government-owned French bank that is chairman of Cuba’s debt coordinating committee, said the accord gives Cuba a six-year grace period on its medium-term debt due 1985, and then allows repayment over the following four years. The debt from 110 banks was equivalent to $90 million.


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