THE IMPACT OF THE GLOBAL FINANCIAL AND ECONOMIC CRISIS ON CUBA

THE IMPACT OF THE GLOBAL FINANCIAL AND ECONOMIC CRISIS ON CUBA
2009-09-22.
Lorenzo L. Pérez

(www.miscelaneasdecuba.net).-
I. Introduction

As all the countries of the world, the Cuban economy is being affected
in a negative way by the financial and economic crisis that erupted in
the developed world in 2007/2008. Recently, the Cuban government
announced new austerity measures including electricity rationing, a
reduction of food rations, and a cut in capital spending in the 2009
budget. Previously in early 2009, strict restrictions on foreign
exchange transfers had been introduced by the Central Bank.

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THE IMPACT OF THE GLOBAL FINANCIAL AND ECONOMIC CRISIS ON CUBA -
Misceláneas de Cuba (22 September 2009)
http://www.miscelaneasdecuba.net/web/article.asp?artID=23001