Rufo López-Fresquet

Who is Rufo López-Fresquet?

Rufo Lopez-Fresquet was a distinguished Cuban economist who became Fidel Castro's first Minister of the Treasury.

Married to an American, his sons Antonio and Vincent fled to the United States in 1960. He later wrote a book, My 14 Months with Castro, that attempted to shed light on the origins of the Cuban revolution and the reasons behind Castro's new government becoming communist. As Minister of the Treasury, Lopez-Fresquet made concerted efforts to work with American companies after the new government came to power, hoping to gain the interest of investors. According to one source, "Cuban Minister of Finances Rufo Lopez Fresquet [told] Bohemia magazine, ”I met more that [sic?] 220 presidents of US corporations... Eastern, Pan American, Pepsi-Cola, Sinclair, Remington Rand, National Can and many other US corporations [were] interested in Cuba."

Few of Castro's original ministers and cabinet members survived the tumult following the revolution by which Castro took power. "Of the twenty-one ministers appointed in January 1959, twelve had resigned or had been ousted by the end of the year. Four more would go out in 1960 as the revolution moved toward a Marxist-Leninist political system."