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Tag Archives: economic reforms

January 23, 2015

MasterCard to allow transactions in Cuba using U.S.: issued cards

Reuters — MasterCard Inc (MA.N) said it would allow its cards issued in the United States to be used in Cuba, effective March 1. The United States announced sweeping new rules this month that will significantly ease sanctions on Cuba, opening up the communist-ruled island to expanded U.S. travel, trade and financial… read more »

January 20, 2015

Obama to Tell Congress Lifting Cuba Embargo Is the Right Thing to Do

Jim Avila and Serena Marshall, ABC News — President Obama will tell members of Congress at tonight’s State of the Union he has done all he can do to normalize relations with Cuba and only they can lift the 50-year-old embargo, sources told ABC news. The president will say it’s… read more »

January 16, 2015

Treasury and Commerce Announce Regulatory Amendments to the Cuba Sanctions

U.S. Department of Treasury Press Office — On December 17, 2014 the President announced a set of diplomatic and economic changes to chart a new course in U.S. relations with Cuba and to further engage and empower the Cuban people.  The U.S. Department of the Treasury and the U.S. Department… read more »

October 24, 2014

As Cuban economy stagnates, economists press for deeper reforms

Marc Frank, Reuters –Some of Cuba’s best-known economists are openly questioning the very core of the Soviet-style command economy and saying market reforms under way are too modest to boost weak growth. Emboldened by freer debate in the country, they are increasingly vocal in criticizing rigid instructions coming down from… read more »

October 17, 2014

CUBA CENTRAL Newsblast: End It! What the NY Times and UN say about the US Embargo

In its lead editorial on Sunday, “Obama Should End the Embargo on Cuba,” the New York Times reignited the debate on Cuba by calling for the U.S. embargo to be lifted to serve the national interest and provide President Obama with a foreign policy legacy worthy of the name. In… read more »

October 3, 2014

CUBA CENTRAL Newsblast: On Ending Pipsqueak Diplomacy

We offer three loud, enthusiastic cheers to our friends Bill LeoGrande and Peter Kornbluh.  Their new book, Back Channel to Cuba, immediately made news and refocused discussion on the decrepit state of U.S.-Cuba diplomacy. “Clobber the pipsqueak” was Henry Kissinger’s call to war against Cuba. Using documents obtained from President… read more »

October 1, 2014

Cuba Says It’s Likely to Increase Money Supply

The Associated Press – The planned elimination of Cuba’s unusual dual-currency system will likely mean printing more of the single currency that remains, the country’s central bank chief said in a report published Wednesday. Elimination of the double currency was announced last year, although no date has been set for the… read more »

September 26, 2014

CUBA CENTRAL Newsblast: Ending the Embargo: Can “Brand America” Bail Obama Out?

Not a great week for President Obama or his resilient support for the U.S. embargo against Cuba. With heads of state and government gathering at the United Nations for the 69th Session of the General Assembly, Juan Manuel Santos, President of Colombia, and Salvador Sánchez Cerén, President of El Salvador,… read more »

September 25, 2014

Cuba promotes official who has led market-style reforms

Reuters – Cuban President Raul Castro granted more authority to the man who has led the campaign to modernize Cuba’s socialist economy, naming Marino Murillo as economy and planning minister on Thursday, the government said. Former Economy Minister Adel Yzquierdo, 69, was demoted from minister to deputy minister but will retain his… read more »

September 20, 2014

Cuba approves 498 non-agricultural cooperatives in the last year

EFE — The Cuban government approved 498 non-agricultural cooperatives since the first 124 were created a year ago as a new model of economic enterprise, Cabinet secretary Homero Acosta said. Of the 498 approved, 283 are now in business, chiefly in the sectors of restaurants and related services, Acosta said… read more »