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 »
The effects of the COVID-19 pandemic on the world economy have been devastating and Cuba is no exception. The country has one surprising and significant advantage though: more than 60 years of experience dealing the challenges of an economy crippled by brutal ... More »
Cuba is moving forward in its efforts to increase production by expediting the import process for private producers and facilitating their exports. Resolution 315, recently passed by the Cuban government is designed to put private and state enterprises on an e... More »
One of the most impactful measures announced by the Cuban government on July 16 was the authorization of non-state structures to carry out import/export operations through specialized state companies. To date, there are 36 companies that specialize in import a... More »
Cuba’s President Miguel Díaz-Canel will meet today in a virtual conference with member states of the ALBA-TCP. The economy, finance and trade within the context of the post-COVID-19 world will be the focus of discussions. The meeting will be chaired by First S... More »
Cuba has asked to suspend debt repayments to the Paris Club until 2022 citing the impact on its economy due to the COVID-19 pandemic, according to diplomatic sources interviewed by AFP. In a letter addressed to the group of 14 creditor countries which includes... More »
The Council of Ministers has approved the adjustment of this year’s Economic Plan in response to the effects the COVID-19 pandemic has had on the economy. The arrival of the pandemic in Cuba over the last two months has shown how much social investment policie... More »
2019 has been a year of challenges and victories for Cuba. On January 1, Cuba celebrates the 61st year of the anniversary of the Cuban Revolution. On January 1, 1958, Fidel Castro and the revolutionary army declared victory over the right-wing dictatorship of ... More »
There have been some big changes for Cuba in the way of banking and importation of goods into the country. A new retail strategy is in place to offer low consumer prices on high demand goods. The Central Bank of Cuba (BCC) is prepared to… TO READ THE FULL STOR... More »
The Economic Commission for Latin America and the Caribbean (ECLAC) (Spanish acronym: CEPAL) was established in 1948. ECLAC is headquartered in Santiago, Chile, and is one of the five regional commissions of the United Nations. It was founded with the purpose ... More »
A Cuban Television News report announced that measures would be taken to increase the salaries of government employees to help improve the purchasing power of the population. These moves are seen as a boost to the economy in the face of increasingly severe eco... More »
In 2019, the Cuban economy is forecast to grow by one-and-a-half percent, following a growth rate of 1.2 percent in 2018. This figure is less than the two percent growth previously predicted by the government. Tighter sanctions from the United States, the effe... More »
