Washington D.C. - The Cuba Study Group partnered with celebrated Cuban economist Dr. Omar Everleny Pérez Villanueva, formerly a Professor of Economics and Researcher at the University of Havana’s Center for the Study of the Cuban Economy, to produce a White Paper analyzing the current status and future prospects of the Cuban economy. The document also discusses practical steps the Cuban government can take within the short term to improve its economy.

The study enumerates several proposals that would catalyze greater economic growth in Cuba:

  • The dual currency system needs to be unified and devalued.
  • Bureaucracy must be streamlined to welcome higher rates of foreign direct investment.
  • The government should integrate itself fully in the international banking system and allow microcredit institutions to operate in the country.
  • The labor market must be liberalized, restrictions on the private sector should be lifted, entrepreneurs should be allowed to exports and create partnerships with foreign entities, and the domestic banking system should shift from savings to investment.
  • Lastly, the government needs to invest in high-return economic sectors (manufacturing, agriculture, and infrastructure) rather than solely in lower-return sectors (tourism and services). 

 The White Paper was authored by Dr. Omar Everleny Pérez Villanueva with support from the Cuba Study Group’s members and leadership. 



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