Cuba Restructures Its Visible External Debt

  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 […]

Economic Reform and Reintegration with the Global Financial System – Challenges for the Central Bank of Cuba

  Scott Brown and Lorenzo Pérez[1]   Introduction   In recent years, the Cuban government has introduced a number of economic reforms, intended to improve economic performance and increase the scope for small-scale private sector activity.  These appear to have been motivated in by the low rate of national investment, limited productivity growth, and poor […]