Who is Joaquín Alonso Vázquez, Cuba's new Economy Minister?
After the surprise dismissal of Alejandro Gil Fernández, the head of economy and planning, this Friday, the government announced Joaquín Alonso Vázquez, who had been minister until now. Central Bank of Cuba.
Almost unknown by the country's population, Cubans are surprising Who is the man facing a new set of economic activities? It was announced by the regime and it has created huge public discontent in recent weeks.
Alonso Vázquez, 60, holds a master's degree in finance and credit and business administration and management, and has extensive management experience at institutions such as the National Bank of Cuba and Popular Savings Bank, according to official information. CUBALSE Trade and Services Corporation and non-bank financial institution Casas de Cambio SA (Cadeca).
And what was there Provincial Vice President of the Association of Economists and Accountants of Cuba (ANEC).
On February 15, 2023, Alonso Vásquez, then serving as President of the Exchange House (CADECA), replaced the President of the Minister of the Central Bank. MARTA SABINA WILSON GONZALEZFollowing a trial against the regime in a London court over a $75 million loan claimed by the CRF I Limited investment fund.
He was Provincial Deputy Director of Banco Popular de Ahoro (BPA) in Havana, Director of Savings at the Central Office of Banco Popular de Ahoro, and Director of Credit at Finals Financial House.
Between 2000 and 2010 he served as Vice President of CUBALSE, where he managed the economics and finance department of the organization.
He was vice president of Banco Popular de Ahoro for seven years until his promotion to president of CADECA in 2017.
He has been a representative of Popular Power and vice-president of the National Association of Economists and Accountants of Cuba in Havana “with positive results”, the government portal highlighted last year. CubePad.
Recently, while speaking in the Cuban parliament, Alonso Vasquez He acknowledged the country's high fiscal deficit, saying since 2020 Cubans have withdrawn more than 1,000 million pesos that have not been returned to the island's banking institutions.
In recent months his administration has based calls for Cubans to increase confidence in the country's banking institutions, and he highlighted the case of a farmer who was robbed of 30 million pesos in his home.
However, people have lost confidence in the country's banking institutions due to arbitrary policies implemented in recent years, which make it difficult for customers to withdraw and withdraw money when they need it.
Not to mention that thousands of Cubans lost a large portion of their savings due to the constant currency changes.
Now the new Minister of Economy and Planning will have to face the consequences of the huge economic package announced by the regime last December, the situation of most Cuban families.
With this surprise change, the government will try to address the popular discontent created by the announcement of this package of measures.