Macri Accused of Issuing Short-term Debt Securities

Buenos Aires - Argentinean President Mauricio Macri, Finance Minister Alfonso Prat Gay and the head of the Central Bank Federico Sturzenegger have been accused of issuing short-term debt securities known as Lebac.

The news began to circulate, yesterday, after prosecutor Paloma Ochoa made a request to Judge Daniel Rafecas to carry out an investigation, instigated by a group of congressmen from the Front for the Victory, into what is consider irregular administration of the State's finances.

The President, the Minister and Sturzenegger are accused of issuing over 685 billion pesos (more than 42 billion dollars) of short-term debt securities at a 40 percent annual rate, which would have manipulated the true value of the country's currency.

The prosecutor pointed out that according to the congressmen's accusation, 'the abusive issue of these debt securities would have had a significant, detrimental effect on State coffers to the benefit of certain economic groups.'

According to the daily Ámbito Financiero, the prosecutor also pointed out that, 'seeing the evident disparity between the real value of the dollar and the fictitious price assigned to it, these economic groups took the opportunity to obtain dollars at fictitious rates and without limit.'

The newspaper, El Cronista, reported that Ochoa has asked the Finance Ministry to report the entire amount of foreign debt issued since December 10th, 2015, detailing the interest rate fixed for these loans.

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Cuba denounces at UNESCO US blockade impact

Paris - Cuba's permanent representative to UNESCO, Yahima Esquivel, on Monday denounced the impact of the US economic, commercial and financial blockade against her country in the sphere of competence of the multilateral organization.

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More than 100 foreign writers confirm their participation in Cuba’s Poetry Festival

Havana - Some 250 Cuban and foreign writers, representing 40 nations, will participate in the International Poetry Festival that will be held online from May 25th through the 30th from Havana.

Organized by the CubaPoesía cultural center, the National Association of Writers and Artists (UNEAC), the Cuban Book Institute and the Cuban Ministry of Culture, the event is presided over by Cuban National Literature Prize laureate Nancy Morejón.

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Life filled a carnival

Although theater dance groups and soloists were in charge of giving notable life to the XIV edition of El Carnaval de la Escena event, based in Caimito, creators of all the demonstrations joined this online event, which had the participation of representatives from Mexico, Ecuador, Colombia and the host nation, also represented by Teatro del Estro, from Mayabeque province.

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Selected Speeches by Fidel Castro

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