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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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Agriculture to Play Major Role in Boosting Economy

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The Director-General of Foreign Trade in Cuba, Vivian Herrera, recently stated that the agricultural sector represents around 40% of the total exports. As a result of the decline of trade with socialist countries, export trade experienced an important structur... More »

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Currency Unification Gets Closer

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Currency unification is on the horizon, although it, in itself, is not enough to reorder and update Cuba’s economy according to some experts. Unification of Cuba’s system of money will be a part of the entire process to strengthen national economic performance... More »

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ECLAC Report 2019 – the Cuban Economy

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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 »

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Cuba Announces Food Rationing Amid Supply Crisis

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The Cuban government has begun wholesale rationing of staple food items and other basic products in the face of a serious supply crisis, Ministry of Domestic Trade (MINCIN) Betsy Diaz Velazquez said Friday. The move is a response to further consequences of the... More »

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The Interview with Josefina Vidal – Part Two

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This is a continuation of Cuba Business Report’s interview with Her Excellency, Josefina de la Caridad Vidal Ferreiro, the Ambassador of Cuba to Canada. The interview took place in late January in Ottawa. In part two of the interview, the Ambassador speaks abo... More »

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Cuban GDP growth forecast for 2019

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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 »

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