Tamarys Lien Bahamonde

Tamarys Lien Bahamonde

Candidata a Doctora en Políticas Públicas y Urbanismo por la Universidad de Delaware. Master en Desarrollo Local por la Universidad de Camagüey y Licenciada en Economía por la Universidad de la Habana.

Photo: Ismael Francisco/AP.

Cuba, between the crisis, the adjustment and the new foreign currency stores

Help us keep OnCuba alive The Cuban government announced last July 16 a group of emerging economic measures that would be taken to alleviate the acute economic crisis facing the country. It is worth remembering that this crisis is influenced by three elements: The global economic crisis, the result, among other reasons, of the impact that the COVID-19 pandemic has had on the international economy. The effect of the U.S. embargo/blockade, exacerbated by the Trump administration. The chronic structural crisis in which the country’s economy has been plunged since the 1990s. Many of these measures responded to long-standing complaints from groups of professionals from various branches, including economists, about the need to expand economic diversification options to increase investment, production, consumption, and national employment options. https://oncubanews.com/en/cuba/economy/new-measures-or-implementation-of-what-was-approved/ In what time can we expect results from the proposed measures? Most of these measures will require a time frame that exceeds the short term and will take time to evaluate their results. Short term Of the nine announced by Minister Alejandro Gil and expanded in later days by the Cuban press, those of a monetary nature would have an immediate impact in the economic sense, but also in the social sense. In addition...