Biden administration could announce measures to provide "greater financial support" to SMEs in Cuba
The measures would detail “how Cuban entrepreneurs can open bank accounts in the United States and then access those bank accounts from within Cuba.”
by OnCuba Staff OnCuba Staff September 21, 2023in Cuba-USA
The Biden administration will provide “greater financial support” from the United States to the Cuban private sector, a measure that seeks to ease restrictions on the island, according to Bloomberg.
This is, the media points out, a step to try to help private ventures that are struggling to survive in the island’s battered economy.
A person close to the subject, who spoke on condition of anonymity, assured that the official announcement could be made known during this week, accompanied by regulatory changes aimed at strengthening private enterprise in Cuba.
The measures are expected to be implemented “imminently” by several agencies, including the State Department, Bloomberg specifies.
More:
https://oncubanews.com/en/cuba-usa/biden-administration-could-announce-measures-to-provide-greater-financial-support-to-smes-in-cuba/