Havana, February 15 (RHC)-- Cuba will fulfill its commitments with the Paris Club, the island's government announced in an official letter sent to the president of the group of 14 creditor countries, Odile Renaud-Basso.

According to the French news agency France Presse (AFP), Cuban deputy Prime Minister Ricardo Cabrisas sent the letter to Renaud-Basso, director-general of the French Treasury, who is also president of the Paris Club.

The agency reports that the Cuban government had promised to settle several of its 2019 overdue debts by May at the latest.

In the letter, Ricardo Cabrisas recalled that during his visit to Paris in Januarymhe explained to the creditors the impossibility of paying on time.

Cabrisas said that he explained in an "exhaustive manner" "the circumstances that determined that the island could not honor its commitments with some creditor countries as agreed in the Multilateral Agreement signed by the parties in December 2015.

President Miguel Díaz-Canel and other senior Cuban leaders have acknowledged that the country has financing problems, mainly due to the intensification of the U.S. blockade that aims to suffocate the largest of the Antilles.