Cuba – US Reconciliation and Limited Reforms

It is hardly a secret that the economy of Cuba is in a sorry state.  Visits to Cuba provide testimony as to widespread poverty, food and housing shortages and the marked decay of buildings, infrastructure and machinery.  Official GDP per capita of $6800 for 2013 places Cuba below the $8700 average of the 12 Latin […]

Cuba’s Feeble International Liquidity

Cuba’s international liquidity at the end of 2014 remained precarious as shown by statistics from the Bank for International Settlements.  The 45% alleged cutback since September 2014 of oil shipments from Venezuela estimated by Barclays Bank would add considerable pressure to the balance of payments, but this action is unconfirmed by independent sources and officials […]