Biden Administration Will Use Cuba's Authorization Of SMSE's As Means To Expand Support For Cuba Private Sector- U.S. Investments And Loans May Be Next

By authorizing privately-owned SMSE's, the government of the Republic of Cuba expands the engagement landscape for the Biden Administration (2021- ) to shift from only authorizing donations to cuentapropistas to authorizing individuals and companies in the United States to deliver direct investment and direct loans to the re-emerging private sectors located throughout the Republic of Cuba. On the scale of importance for the United States business community, the Diaz-Canel Administration (2019- ) has delivered a significant decision which can rekindle the interest in the Republic of Cuba by United States companies.

Granma
Havana, Republic of Cuba
2 June 2021

Aprueba Consejo de Ministros perfeccionamiento de actores de la economía cubana

El Consejo de Ministros aprobó en su más reciente sesión el perfeccionamiento de los actores de la economía cubana, que incluye a la empresa estatal socialista; a las cooperativas no agropecuarias; a las micro, pequeñas y medianas empresas y al trabajo por cuenta propia, convocados todos a impulsar, cada uno desde su ámbito, el desarrollo de la nación.

“The Council of Ministers approves the improvement of actors in the Cuban economy

The Council of Ministers approved in its most recent session the improvement of the actors of the Cuban economy, which includes the socialist state enterprise; non-agricultural cooperatives; to micro, small and medium-sized enterprises and self-employment, all summoned to promote, each one from their own sphere, the development of the nation.”

Prensa Latina
Havana, Republic of Cuba
2 June 2021

Impulsa Cuba perfeccionamiento de actores de la economía

La Habana, 2 jun (Prensa Latina) Cuba avanza hoy en el perfeccionamiento de la economía y la integración de sus actores, luego de que el Consejo de Ministros aprobara disposiciones relacionadas con la empresa estatal socialista y otras formas de gestión.

“Cuba promotes improvement of economic actors

Havana, Jun 2 (Prensa Latina) Cuba is advancing today in the improvement of the economy and the integration of its actors, after the Council of Ministers approved provisions related to the socialist state enterprise and other forms of management.”

United States Department of State
Washington DC
20 May 2021

United States Secretary of State Antony Blinken

“The United States recommits to accompanying the Cuban people in your quest to determine your own future. We will support those improving the lives of families and workers, cuentapropistas who have forged their own economic paths, and all who are building a better Cuba – and a better tomorrow for themselves in Cuba.” (Emphasis added.)

Miami Herald
Miami, Florida
6 April 2021

“Cuba’s Ministry of Foreign Trade and Foreign Investment is opening the door to Cuban Americans who want to participate in foreign investment projects as the island tries to jump-start its beleaguered economy and encourage Washington to loosen sanctions. Katia Alonso, the ministry’s director of foreign capital investments, told the Miami Herald by email in response to a list of questions that Cuba won’t reject potential business bids from Cuban Americans based on the sole fact that they live in the U.S. — something she said the law has never prohibited, though in the past exile entrepreneurs haven’t always been welcomed either. “Cuba is open to foreign capital regardless of its place of origin,” Alonso explained, “so if a Cuban American were interested — whether they were born in the U.S. or migrated to that country — in investing on the island, their interest would be evaluated just like any other potential investor from any other place of origin.””

The White House
Washington DC
22 March 2016

President Barack Obama at the Gran Teatro de la Habana

“In a global economy, powered by ideas and information, a country’s greatest asset is its people. In the United States, we have a clear monument to what the Cuban people can build: it’s called Miami. Here in Havana, we see that same talent in cuentapropistas...And in recent years, the Cuban government has begun to open up to the world, and to open up more space for that talent to thrive. In just a few years, we've seen how cuentapropistas can succeed while sustaining a distinctly Cuban spirit. Being self-employed is not about becoming more like America, it’s about being yourself.”