News
Cuba reported on Thursday that the island has experienced losses of $5.6 billion in one year because of the economic, commercial and financial blockade...
Hi, what are you looking for?
All posts tagged "Cuban economy"
Economic Development
The Paris Club, a financial organization consisting of officials from 22 developed creditor countries, has reached an agreement for a moratorium on Cuban debt...
Economic Development
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...
Agriculture and Food
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...
Economic Development
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...
Banking
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...
Economic Development
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,...
Economic Development
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...
Economic Development
The Economic Commission for Latin America and the Caribbean (ECLAC) (Spanish acronym: CEPAL) was established in 1948. ECLAC is headquartered in Santiago, Chile, and...
Agriculture and Food
The Cuban government has begun wholesale rationing of staple food items and other basic products in the face of a serious supply crisis, Ministry...
Economic Development
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...
Economic Development
Cuba’s President Miguel Diaz-Canel told the audience at the National Assembly of People’s Power that the Gross Domestic Product (GDP) had risen 1.1 per...
Economic Development
The news came as a disappointment to many. The government’s recent Gaceta Oficial Extraordinaria No. 31 ruling has officially pulled the plug on the licensing...
Economic Development
Official estimates of Cuban economic performance showed a decline of 0.9% in 2016. This drop occurs after average annual growth rates of nearly 3...