ECLAC Official Announces Visit to Cuba in February

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ECLAC Executive Secretary, Alicia Barcena, announced today she will travel to Cuba in February on an official visit, to continue the UN entity”s collaboration with the island.

In statements to Prensa Latina, Barcena said she recently received the report from the Human Development Index (HDI), and ECLAC will prepare the National Bureau of Statistics and Information (ONEI) of Cuba in this regard.

We are basically cooperating with Cuba on issues of statistics and offering advice, for example in the issue of taxes, which had a very different regime to which they are now applying, he said.

During the Preliminary Overviews of the Economies of Latin America and the Caribbean in 2015 and its prospects for 2016, ECLAC said Cuba will close the year with an increase of four percent by virtue of the impetus of the domestic consumption.

“The domestic investment, which is also an element that speeds up the Cuban economy, is estimated to grow about 20 percent, so the negative rate achieved last year (-4.9 percent) will be reverted,” ECLAC emphasized.

According to the analysis, the manufacturing industry, trade and construction, whose total weight in the Gross Domestic Product is 37.5 percent, were relevant in the expansion of the Caribbean island.

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