How will the end of the Accord with Venezuela affect the Cuban Economy? Ernesto Hernández-Catá[1] August 2016     Since the beginning of this century Cuba has benefited considerably from an arrangement with Venezuela, whereby Cuba receives oil in exchange for the services of doctors and other professionals. The oil supplied by Venezuela satisfies a […]

Will Stealthy Privatization Rescue the Cuban Economy?[1] Luis R. Luis   Privatization is a key element of the transition of communist economies towards the market.  This comes about from the need to achieve better allocation of investment and consumption while enhancing growth prospects and the well being of the population.  We take it from repeated […]

During the first 12 years of the XXI century demographic and labor statistics in Cuba could be comfortably summarized as follows: the population is stagnant; there is a fairly constant flow of outward migration; the population of working age is rising very slowly and is beginning to fall. But this scenario of basic stagnation appeared […]

  Cuba is gradually restructuring its external debt which for decades had been largely in default.  Over the last three years Cuba restructured official debts with Japan, Russia, China and Mexico.  On December 12, 2015 Cuba reached an important accord with 14 of the 20 creditor countries of the Paris Club regarding some $11.1 billion […]