- The US imposed an oil blockade and sanctions on Cuba while simultaneously exploring possible improvements in bilateral relations.
- Potential deals regarding Cuba's existing state apparatus were reported by the Financial Times.
- The executive body, the Council of Ministers, is currently overseeing the state enterprise system in Cuba.
- Cuba's governing body issued decrees concerning the national economy.
Peru Weighs Expansionary Fiscal Stimulus to Counter Global Shocks
1 report, 1 independent
Updated Thu 00:00
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What happened
Elmer Cuba, Finance Minister of Peru, stated that Peru is weighing expansionary fiscal policy to protect economic growth. This approach is intended to counteract external shocks, including the worldwide jump in oil and diesel prices and central banks raising interest rates.
From riotimesonline.com
Why it matters
The government is considering public works projects that can quickly revive activity. This policy shift is significant for the copper economy, as it suggests increased state spending in Peru.
From riotimesonline.com
Who's involved
- Elmer CubaFinance Minister of Peru, advising on national economic targets
- PeruSovereign state in South America where the stimulus policy is being considered
- Keiko FujimoriPolitician who appointed Elmer Cuba as economy minister
Keep exploring
Part of
Cuba's governing body issued decrees concerning the national economy.Also in this story
All 3 developmentsThe entities involved
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Cuba
sovereign state situated on an island in the Caribbean Sea
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Elmer Cuba
Peruvian economist
Nothing else this week.
Related events
- US policy aims for irreversible political change in Cuba.
- Delegates declared support for the Cuban model and independence.
- Cuba's regime resists meaningful economic and political reforms while the US provides humanitarian aid and Trump expresses support for the Cuban people.
- Cuban citizens are debating the merits of socialist versus capitalist economic systems and seeking opportunities in the US.
- Negotiations regarding future prosperity and political status in Cuba are underway.