Ministers told economic situation still very tense, agree three priorities

10th July 2024 Cuba’s Council of Ministers has heard that the island’s economic situation continues to be “very tense.”  An official report of the Council’s monthly meeting held at the end of May, noted however, that improvements have been seen in some indicators.  At the meeting, ministers agreed three strategic priorities and a related new […]

Minister says reducing price inflation may take longer than expected

28th May 2024  Cuba’s Minister of Finance and Prices (MFP), Vladimir Regueiro Ale, has admitted that despite having updated the methodologies used to determine prices, Cuba’s government has so far not achieved its objective of reducing price inflation.  “We have not achieved the effects we intended. Everything we have done that is new, even in […]