LatinNews Regional Monitor: Caribbean & Central America - 13 July 2018

CUBA | New economic reforms. The government led by President Miguel Díaz Canel announced a package of 20 measures – six decrees and 14 resolutions – on 10 July to “regulate the activity” of the private sector. The measures, which will take effect in December, tighten controls on ‘cuentapropistas’ (self-employed workers) and confirm that Díaz Canel is not planning any further opening of the closed state economy. The most significant reform will see business licences restricted to one per person, which the government said would combat rising income inequality and tax evasion.

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