Armando Linde’s paper provides an excellent overview of recent measures taken by the Cuban government as well as substantive advice on what needs to be done to ensure that those measures have a lasting impact on the banking system. In my comments, I would like to expand on some of the issues raised by his […]
Financing the Economic Reconstruction of Cuba While Rebuilding the Financial Sector: Perspectives on Development Banking
Since the 1950s, development banks have evolved from their role as banks for everyone, usually funded by the Central Bank at subsidized terms, into that of specialized financial intermediaries, though still government-owned, but now lending primarily through commercial banks, under market-determined terms and conditions. Those countries that have succeeded in transforming the role of development […]