I. Recent Developments The urban transportation problems in Cuba have taken a turn for the worse in recent years as the main source of fossil fuel imports has rapidly dried down. Russia and its newly formed independent sister states are having their own internal problems to deal with and, as a consequence, the flow of […]

INTRODUCCIÓN El resultado de poco más de tres décadas de socialismo real –a la criolla-ha devenido en un proceso paulatino (acelerado en los últimos cuatro años) de empobrecimiento material, reducción del espectro de necesidades y aspiraciones a niveles primarios de subsistencia, e instalación de un sentimiento de frustración en la población cubana. En un artículo […]

Trying to buttress the failing economy, the Castro government has assigned high priority to increasing the volume of emigrant remittances. The government has also liberalized travel rules to induce more Cuban-Americans to visit the island. Both measures, together with an all-out effort to promote international tourism, are intended to generate desperately needed foreign exchange, now […]

“The obstacle is political control if reform moves forward fast. We economists counter that if Cuba doesn’t reform fast the authorities will definitely lose control.” ‹ An unidentified economist in Cuba, quoted by Gillian Gunn in “Balancing Economic Efficiency, Social Concerns and Political Control,” La Sociedad Económica, Bulletin 42, 1994, p. 12. I.  Introduction The […]

Introduction The Cuban Banking Study Group, Inc. (“CBSG”) is a non-profit association incorporated in Florida in December, 1992. It is comprised primarily of professional bankers of Cuban origin with diverse backgrounds and experience. Our common denominator is our interest in the future of Cuba and overseeing an orderly development of its banking industry in a […]