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Economy & Business - September 2024

Cuba tightens restrictions on private sector amid ‘wartime economy’

In late August Cuba’s official gazette published new decrees focussed on tightening controls on the non-state sector of the economy. The changes are in line with the declaration by the Partido Comunista de Cuba (PCC) government led by President Miguel Díaz-Canel of other measures underpinning a ‘war time economy’ in July although at the time it was not clear exactly what this involved or when these measures would come into force. A wide range of economists suggest the programme is insufficient to counter the island’s accelerating economic collapse.

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