The Central Bank of Cuba (BCC) has undergone a change in leadership following the dismissal of its presiding minister, Martha Sabina Wilson González. After four years in office, she has been replaced by Joaquín Alonso Vázquez, who until now served as the president of CADECA, the state-owned exchange company.
The Council of State announced this change in leadership at the BCC and the Council of Ministers, which was previously approved by the Political Bureau of the Central Committee of the Communist Party of Cuba (PCC).
However, no additional information has been provided on the reasons for this replacement.
Who is Joaquín Alonso Vázquez?
Joaquín Alonso Vázquez is a well-known figure in Cuba’s financial world. At 59 years old, he holds a degree in finance and credit and a master’s degree in business management and improvement.
According to official media, he has received “postgraduate training” that qualifies him to serve as the Minister President of the Central Bank of Cuba (BCC).
His professional career has been mainly developed at Banco Popular de Ahorro, where he has held various positions, including deputy director for Havana, director of savings in the central office, and vice-president.Habanos S.A. collected $545 million in 2022
Additionally, he has also worked in the state-owned business conglomerate Cubalse as vice-president of economy and finance and as director of credits in the state-owned financial institution Finalse.
In addition to his experience in the financial sector, Joaquín Alonso Vázquez has played a role in Cuban politics. He has held the position of delegate of the People’s Power, which is equivalent to a neighborhood council member and is closer to the population.
He has also held a prominent position as the president of the National Association of Economists and Accountants of Cuba in Havana.
Cuban Government Dismisses Martha Sabina Wilson
The Council of State in Cuba has announced the dismissal of Martha Sabina Wilson González, the former Minister President of the Central Bank of Cuba (BCC). According to a statement, Wilson González will now be engaged in “other activities.”
The statement acknowledges the work done by Wilson González during her time in office, but does not provide further details on the reasons for her dismissal.
This change in the presidency of the BCC is the second since Miguel Díaz-Canel was elected as the President of Cuba. Diaz-Canel is approaching the end of his first five-year term and will be eligible for a second.
Cuban politics doesn’t typically see frequent cabinet changes, but in March, parliamentary elections will be held, and the new legislature will appoint a president who will form a renewed Council of Ministers.Western Union Expands Its Money Remittance Services to Cuba and Will Allow Digital Transfers
In October of last year, there was also a significant change in the government when the Minister of Energy and Mines was replaced following months of prolonged daily blackouts across much of the country. Liván Arronte was dismissed from his position and replaced by Vicente de la O Levy.
Who is Marta Sabina Wilson González?
Marta Sabina Wilson González is an experienced Cuban economist with over 30 years of experience in her country’s banking system. Born in 1965 in Camagüey, she graduated from the University of Havana in 1993 with a degree in economics and completed her master’s in finance in 2008.
Wilson González began her career in 1986 at Banco Nacional de Cuba, where she held various positions, including secretary, bank document custodian, negotiator, and foreign exchange operations specialist. From 1998 to 2001, she worked at the Central Bank of Cuba as a balance of payments analyst and specialist in international economics.
In 2001, she joined Banco Exterior de Cuba and held various positions, including international economics specialist, credit risk analyst, manager, director of loans and risk, and commercial director. In 2012, she was appointed as the Executive President of the Export and Trade Bank in Venezuela, a position she held until mid-year, when she returned to Banco Exterior de Cuba as Vice President.
Wilson González has completed postgraduate studies and courses in areas such as accounting, management skills, credit risk management, English for bankers, risk management in standardized markets or exchanges, letters of credit, among others.