Search results for: Joaquín Alonso Vázquez

‘The Problem Is Not the Ministers, It Is a Failed Model’ Summarizes a Cuban Economist

14ymedio, Havana, 3 February 2024 — The discreet headline about the dismissal of three Cuban ministers that remained on the front page of Granma since yesterday has been overshadowed, this Saturday, by a triumphant photo of Prime Minister Manuel Marrero and the announcement of a “complex meteorological situation for Sunday and Monday.” But while the official … Continue reading “‘The Problem Is Not the Ministers, It Is a Failed Model’ Summarizes a Cuban Economist”

With the Dismissal of the Minister of Economy, Gil Fernandez, the Cuban Leadership Distances Itself From the ‘Package’

14ymedio, Havana, February 2, 2024 — The Cuban Government announced on Friday the dismissal of Alejandro Gil Fernández as Minister of Economy and Planning. He will be replaced, according to an official report, by Joaquín Alonso Vázquez, current president of the Central Bank of Cuba (BCC). This “rearrangement of staff,” as Granma says with its … Continue reading “With the Dismissal of the Minister of Economy, Gil Fernandez, the Cuban Leadership Distances Itself From the ‘Package’”

Private Businesses in Cuban Increasingly Distrust the Country’s Banking Reform

14ymedio, Havana, November 24, 2023 — The balance sheet for bancarización* (banking reform) four months after its implementation, is not optimistic: The micro, small and medium-sized enterprises (MSMEs) are increasingly suspicious of electronic payment methods and continue to “retain cash.” The shortage of banknotes is still at its peak, and the Island’s banks are suffering … Continue reading “Private Businesses in Cuban Increasingly Distrust the Country’s Banking Reform”

Cuba’s Prime Minister Arrives in Moscow With an Entourage of Ministers and the President of the Central Bank

14ymedio, Madrid, 6 June 2023 — The Cuban Prime Minister, Manuel Marrero, arrived in Moscow in the early hours of Tuesday “to expand and consolidate bilateral relations” between Russia and the Island. The official visit will last until June 17, as noted by the official Twitter account of the Government, which has changed the background … Continue reading “Cuba’s Prime Minister Arrives in Moscow With an Entourage of Ministers and the President of the Central Bank”

Russia’s Waste of Good Intentions Towards Cuba During the Visit of Putin’s Economic Adviser

14ymedio, Madrid, 3 May 2023 — This is the third consecutive week of a high-level Russian visit to Cuba. Maxim Oreshkin, economic adviser to President Vladimir Putin, met on Tuesday with the highest authorities of the Island, starting with President Miguel Díaz-Canel, who highlighted from Moscow his “enormous sensitivity to Cuba’s problems.” The Cuban president … Continue reading “Russia’s Waste of Good Intentions Towards Cuba During the Visit of Putin’s Economic Adviser”

Cuba’s Ministry of Economy and Planning: ‘In Six Months, It Will Be Worse Than Now’

14ymedio, Elías Amor Bravo, Economist, 24 March 2023 — Prime Minister Manuel Marrero was present last Wednesday at the annual meeting of the Ministry of Economy and Planning, headed by Alejandro Gil. The extensive participation included the communist leader of the party’s productive economic department, Joel Queipo; the Minister of Finance and Prices, Meisi Bolaños; … Continue reading “Cuba’s Ministry of Economy and Planning: ‘In Six Months, It Will Be Worse Than Now’”

Cuban Government Fires the President of the Central Bank Without Explanations

14ymedio/EFE, Madrid, 16 February 2023 — On Wednesday, the Cuban government dismissed the president of the Central Bank of Cuba (BCC), Martha Wilson González, after four years in office. Her position will be occupied by Joaquín Alonso Vázquez, until now president of the state Exchange Houses (Cadeca). Without giving explanations about this movement, which takes … Continue reading “Cuban Government Fires the President of the Central Bank Without Explanations”

Short on Dollars, Cadeca Will Now Process Tax Collection and Retiree Payments

14ymedio, Havana, 14 June 2021 — Residents of Havana’s Nuevo Vedado neighborhood had been wondering why Cadeca, the state-run currency exchange agency, would be opening a new office in their area. They got their answer this weekend: the company will now be processing taxes and payments to retirees. “All of us were surprised they would … Continue reading “Short on Dollars, Cadeca Will Now Process Tax Collection and Retiree Payments”

Out of Dollars, the Cuban Government Suspends Hard Currency Exchange at Airports

14ymedio, Havana, 20 May 2021 — Without warning, currency exchange bureaus at Cuban airports abruptly stopped selling hard currency on Thursday due to a shortage of hard cash. The news came in an announcement by Cadeca, the state-run currency exchange agency, on social media a few hours before the measure took effect. “In light of … Continue reading “Out of Dollars, the Cuban Government Suspends Hard Currency Exchange at Airports”