Cuba eases its financial policies for the domestic market

HAVANA, Dec.1st. Havana eases its financial policies for the domestic market. This was reported on Tuesday by the Minister of Foreign Trade and Foreign Investment, Rodrigo Malmierca, when presenting during the Second Business Forum Cuba 2021 a new business portfolio with more than 670 possibilities.

Among other novelties, now small and medium-sized private companies will be able, like cooperatives, to associate with foreign capital. This includes new flexibilities from the financial point of view, such as the possibility for entrepreneurs to open accounts in banks in other countries.

The business portfolio also accommodates local development projects in the municipalities. So far, the most important investments the country has received are in the food production, tourism and pharmaceutical sectors.

In total, the island receives investments from more than 40 countries, said the minister, who described as a priority the expansion and deepening of this mechanism as part of national development. (