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Economic Development

Economic development in Cuba. The economy of Cuba, GDP, Growth Domestic Product, economic performance, income, education, taxation, debt restructuring.

57 posts
job-seeking-Cubans
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Job-Seeking Cubans on the Rise

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Since Day Zero of the new economy of Cuba, January 1, more than 126,938 Cubans have applied for jobs as Cuba reorders its economy. Marta Marta Elena Feito Cabrera, Cuba’s Minister of the Ministry of Labor and Social Security published the new statistics of job... More »

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Imports and Exports Business on the Increase

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Imports and exports are on the increase in Cuba. By mid-January, 4,450 private entities had approached exporting and importing companies, almost 50% of these have shown the intent to establish some type of operation. Over the four months since the regulations ... More »

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Cuba’s GDP Contracts by 11%

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Cuba’s Gross Domestic Product (GDP) contracted by 11% in 2020 due to the COVID-19 pandemic and hardening of U.S. sanctions by the Trump administration but new growth is forecast in the upcoming year, Deputy Prime Minister Alejandro Gil told a session of Cuban ... More »

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Cuba Reaches Agreement with the Paris Club

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The Paris Club, a financial organization consisting of officials from 22 developed creditor countries, has reached an agreement for a moratorium on Cuban debt payment this year. The decision was questioned by the US administration which is attempting to cut of... More »

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The New Normal: Cuba’s COVID Strategy

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Cuban President Miguel Diaz-Canel and Prime Minister Manuel Marrero Cruz recently spoke to the audience on Mesa Redonda to explain the steps needed to alleviate the effects of the pandemic. The actions to be taken in the near future will be known as the “new n... More »

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Cuba Expands Import/Export Activities

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Just two and a half months after Cuba implemented its economic strategy for dealing with the effects of the COVID-19 pandemic, its import/export entities have received more than 1,000 business solicitations. More than 40 contracts have been signed, and the fir... More »

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The Import and Export Process Starts Up

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A few days before the release of Cuba’s new economic strategy to deal with the situation created by the COVID-19 pandemic, the first results of Resolution 315 to facilitate export and import services to the “non-state management” were in place. In total, nine ... More »

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