Castro to step down in 2018: Could leave Diaz-Canel a debt-free Cuba

Cuban President Raul Castro announced Sunday that he would be stepping down from power in 2018. Raul Castro was just re-elected to a second five-year term after taking over for his brother Fidel Castro in 2008. Miguel Diaz-Canel was named vice president, making him next in line for the presidency. In Cuba, a Castro has been in power since 1959.

Diaz-Canel’s rise in the ranks has not been a gradual process. He has spent nearly 30 years rising through the ranks of the Cuban government, Andrea Rodriguez said in an article for ABC. Diaz-Canel is generally favored in Cuba.

Russia has agreed to cancel Cuba’s $30 billion debt. The debt was a huge obstacle in two countries’ relationship, and the cancelation has allowed them to further their alliances, according to an article in the Havana Times. Lines of credit have been reopened for Cuba, and the two countries have begun collaborating in a range of fields, including things such as defense, education and oil.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s