Cuban economy

Trump Administration Blocks Western Union Remittances to Cuba

In the midst of the pandemic that seriously affects the North American economy, the U.S. government has restricted the profits…

5 years ago

Cuba Reports More Than US $5B in Losses from US Sanctions

Cuba reported on Thursday that the island has experienced losses of $5.6 billion in one year because of the economic,…

5 years ago

Cuba Reaches Agreement with the Paris Club

The Paris Club, a financial organization consisting of officials from 22 developed creditor countries, has reached an agreement for a…

5 years ago

The New Normal: Cuba’s COVID Strategy

Cuban President Miguel Diaz-Canel and Prime Minister Manuel Marrero Cruz recently spoke to the audience on Mesa Redonda to explain…

5 years ago

Agriculture to Play Major Role in Boosting Economy

The Director-General of Foreign Trade in Cuba, Vivian Herrera, recently stated that the agricultural sector represents around 40% of the…

5 years ago

Cuba’s Plan to Deal With the Effects of COVID-19 on its Economy – Part I

The effects of the COVID-19 pandemic on the world economy have been devastating and Cuba is no exception. The country…

5 years ago

Currency Unification Gets Closer

Currency unification is on the horizon, although it, in itself, is not enough to reorder and update Cuba's economy according…

5 years ago

Cuba Seeks Suspension in Paris Club Debt Repayment

Cuba has asked to suspend debt repayments to the Paris Club until 2022 citing the impact on its economy due…

5 years ago

Government Approves Adjustment to This Year’s Economic Plan

The Council of Ministers has approved the adjustment of this year's Economic Plan in response to the effects the COVID-19…

5 years ago

ECLAC Report 2019 – the Cuban Economy

The Economic Commission for Latin America and the Caribbean (ECLAC) (Spanish acronym: CEPAL) was established in 1948. ECLAC is headquartered…

6 years ago

Cuba Announces Food Rationing Amid Supply Crisis

The Cuban government has begun wholesale rationing of staple food items and other basic products in the face of a…

6 years ago

Cuban GDP growth forecast for 2019

In 2019, the Cuban economy is forecast to grow by one-and-a-half percent, following a growth rate of 1.2 percent in…

6 years ago

Cuba Reports Modest Growth in GDP for First Half of Year

Cuba's President Miguel Diaz-Canel told the audience at the National Assembly of People's Power that the Gross Domestic Product (GDP)…

7 years ago

Government Suspends Some But Not All New Licensing Permits

The news came as a disappointment to many.  The government's recent Gaceta Oficial Extraordinaria No. 31 ruling has officially pulled the…

8 years ago