USA announced on Tuesday several measures aimed at promoting the development of the private sector in Cubaincluding conditional access to the US banking system.
“Today we are taking an important step to support the expansion of free enterprise and the corporate sector in Cuba” a senior US official told reporters on condition of anonymity.
These flexibility measures should, in particular, facilitate the access of citizens of the Caribbean nation to online services and allow “the independent Cuban private sector to have easier access to international transactions and US banking services, particularly through online payment platforms”the source added.
In May 2022, the US president, Democrat Joe Biden, promised to promote the growth of the private sector on the island by supporting independent Cuban entrepreneurs and according to the official, these announced measures are along those same lines.
Small and medium-sized private companies, with up to 100 employees, were reauthorized on the communist-ruled island in 2021, after being prohibited for almost six decades in favor of state companies.
To date, about 11,000 private companies have registered, another US official said.
The Cuban economy, planned and centralized, is mired in its most serious crisis since the end of Soviet subsidies in the 1990s.
USA It has imposed a trade embargo on the communist nation for more than 60 years.
Source: Gestion
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