Published on Let's Talk Development

Not your Grandma's Cuba: A new day in the Caribbean

This page in:
This post originally appeared on The Huffington Post on July 20.
Today, July 20, 2015, Cuba and the United States reopened embassies in Washington and Havana for the first time in decades, marking a crucial step towards the normalization of relations. Yet, while much attention will be placed on these international developments, perhaps the most decisive changes for Cuba will be domestic.
Crippled by a US trade embargo since the 1960s, Cuba's underperforming centralized economy has long been propped up by a series of generous "sugar daddies", from Soviet Russia to chavista Venezuela.
Read the full post on


Otaviano Canuto

Executive Director, International Monetary Fund

Join the Conversation

The content of this field is kept private and will not be shown publicly
Remaining characters: 1000