Mundubat - Cuba: Context

The blockade that the United States have maintained on Cuba for the last 40 years has seriously affected all the economic activities of the island, resulting in direct and indirect losses estimated at more than 121,000 million $. The suffering of the population is impossible to calculate. The main effects of the blockade are:

- Exclusion from a major part of world commerce;
- Damage to the basic industry, agriculture, tourism and health;
- Technological dependence and the need of external resources;
- Increase of external debt and the reduction of international aid;
- Exclusion from decision-making in matters of regional and international politics.
Added to that, the price of sugar has dropped as a consequence of the fall in the price of raw materials worldwide; this has provoked a productive crisis.
The dollarisation of economy involves that many sectors of the population do not have access to the dollar's market.

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