On Thursday, we participated in a discussion led by Ricardo Torres Perez, a macro-economist and professor at the University of Havana, on "
The Changing Faces of Cuba's Economic Structure." Monumental changes have been announced by Raúl Castro in the Cuban economic model, including, among other things, the laying off of more than half a million state workers, the privatization of small businesses, a new credit law offering certain Cubans bank loans, and the devaluation of the peso to bring it on par with the dollar.