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Cuban Viceminister in Ecuador speaks of challenges for Cuba’s economy

Cuban Viceminister in Ecuador speaks of challenges for Cuba’s economy

Quito, Oct 2 (Prensa Latina) the main challenge for Cuba’s economy is increasing income to continue a development policy, said the First Deputy Minister of Economy and Planning of Cuba, Mildrey Granadillo, who is on a working visit to Ecuador.

In a meeting with workers from the Cuban embassy in Quito, Cubans residing in the country, representatives of alternative media and friends of Cuba, Granadillo explained why Cuba is now in better conditions than in the period of the pandemic.

According to the minister, the development of Covid-19 indigenous vaccines and the immunization strategy are indisputable achievements allowing Cuba to progress.

She claimed that Cuba’s economy should grow around two percent this year, despite the impact of the US blockade, the rise in food prices and other supplies, as well as the indirect impact caused by the conflict in Ukraine.

The official acknowledged that the lack of income is a challenge and is largely caused by the decline in tourism activity and the lower demand for professional services, among other factors.

“The most important thing is that the Cuban business sector has greater autonomy and based on that we approve measures aimed at developing businesses with foreign investment and with foreign suppliers authorized to participate in wholesale and retail trade,” Granadillo said.

Granadillo is on a working visit to Ecuador, where she participated in the 14th Ministerial Forum on Development in Latin America and the Caribbean, and plans to hold meetings with businessmen interested in negotiating with Cuba.

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