Category: Cuba
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The Price of Water
Plagued by droughts and coastal flooding from hurricanes, Cuba is struggling to deliver drinkable water to its people—as well as to the tourists who drive the country’s economy. The country’s aging water and sanitation systems desperately needed upgrades even before Hurricanes Irma and Maria battered the island in September, overloading faulty drainage systems and flooding…
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Rise of the Young Programmers
Since the 1980s, Cuba has been producing skilled programmers who ultimately seek opportunities with leading companies overseas. Now, some of Cuba’s young entrepreneurs are choosing to stay and develop onshore startups. Will economic reforms and a government-controlled internet keep pace with the rising global demand for tech talent?
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The Smell of Success
The Cuba Mountain Coffee company looks to new foreign markets—including the U.S.— as it moves forward with a deal to revive production in Eastern Cuba.
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Cuba Debt Deal Signals Re-engagement With Intl. Financial Markets
Cuba took another conciliatory step toward international financial markets in recent months with a $40 million payment to its Paris Club creditors, less than one year after signing a monumental debt restructuring agreement. Following decades of default, 14 member-states of the Paris Club agreed to waive $8.5 billion of Cuba’s outstanding $11.1 billion debt. Now,…