Cuba Opens Investment to Exiles, U.S. Pressure
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Cubas New Economic Policy: Cubans Abroad Can Now Invest and Own Businesses
Cuba has announced a significant shift in its economic policy, allowing Cubans living abroad, particularly in Miami, to invest in and own private businesses on the island. This move, confirmed by Deputy Prime Minister Oscar Pérez-Oliva Fraga, is expected to foster commercial ties with U.S. companies and Cuban Americans, potentially leading to substantial investments in infrastructure and other sectors. The change comes after reports of ongoing talks with the Trump administration and is seen as a response to U.S. pressure, including blocked oil shipments that have exacerbated Cubas energy crisis. While the move is hailed as a historic step by many Cubans in the diaspora, experts warn that more changes are needed on both sides to ensure stronger investor protections, rule of law, and banking fixes.
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