Cuba Moves to Decentralize Imports

HAVANA TIMES, July 20 – The Cuban government has decided to decentralize expenditures in hard currency for imports, which will now be managed by the individual ministries instead of a single centralized super account, reported Mexico’s La Jornada newspaper on Monday.

Nevertheless, the daily points out that the new measure does not state the fate of outstanding accounts that have not been paid to foreign suppliers over the last seven months, estimated at around one billion USD.