Cuba has reached a landmark agreement with foreign creditors over billions of dollars in unpaid debt dating back 25 years.<br />The Paris Club of creditor nations announced a deal Monday under which creditors will cancel $8.5 billion of overdue interest payments, in exchange for a promise by Cuba to pay off $2.6 billion of debt over the next 18 years.<br />France, Cuba's biggest creditor, led the negotiations.<br />Finance Minister Michel Sapin said the accord "helps to definitively resolve the issue of Cuba's medium-term debt... which has not been honored since the 1980s."
