Global investors are preparing for Cuba to return to the financial markets, as it buries the hatchet with the US and opens its doors. A sign of such investor interest is in the appointment of an expert on sovereign debt, who is a professor at a London based University. It seems that until global markets and investors build the relationships with Cuban entities on the debt side, it makes sense to have one (Spanish speaking) person act as the conduit between creditors and the island's government.
“We are in the very early stages of reaching out to stakeholders,” Mr Olivares-Caminal said. “The Paris Club is really the last step before engaging with London Club creditors.” Mr Olivares-Caminal will be responsible for engaging with other holders of the Cuban debt, which has become fragmented and hard to track since the default and is rarely traded.