Microfinance Focus April 25, 2011: The Cuba Study Group in collaboration with Americas Society/Council of the Americas and the Center for Financial Inclusion at ACCION International, recently released a whitepaper titled ‘Supporting Small Business in Cuba: Recommendations for Private and Public Sector Leaders.’

The report was released just days before the Communist Party of Cuba celebrated its sixth congress for the first time in 13 years and outlines specific steps the Cuban government, the U.S. government and private sector, NGO and foundation leaders could take to support micro and small businesses in Cuba.

Recommendations outlined in the report talk about specific short and medium-term private initiatives to provide micro and small businesses in Cuba with the resources and information needed to succeed. The recommendations include delivering business training to Cuban entrepreneurs, establishing partnerships between Cuban universities and international NGOs, conducting market research of the environment in which these businesses operate, creating a targeted remittance to entrepreneur program, deploying microfinance funds and establishing an enterprise fund.

Josh Goldstein, Principal Director, Center for Financial Inclusion at ACCION International recently said, “There is a widespread recognition by the Cuban leadership that economic reform is the only way out of the decade long malaise they find themselves in.  Now with the laying off of up to one million state employees, the rapid development of a vigorous micro and small business sector offers a promising alternative to another decade of stagnation and decay.”

The whitepaper also lists steps that the U.S. President and Congress can take to ensure that U.S. sanctions do not hinder small business development in Cuba.



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Date Title
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4/28/11 Made in Cuba
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4/28/11 Cuban court issues positive ruling in lawsuit
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4/27/11 Survey: 75% of U.S. consumers interested in Cuba visit
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4/27/11 Senior official at U.S. Embassy in Caracas to lead U.S. mission in Cuba
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4/26/11 Raul Castro’s same old Cuba
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4/26/11 Cuba's next revolution
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4/25/11 Cuba libre?
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4/25/11 Newly arrived Cuban doctors face immigration delays
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4/25/11 Current Record
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4/21/11 Cuban Congress an ‘indictment of past 50 years’
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4/20/11 Cuba's New Guard Borrows From the Old Guard
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4/20/11 Fidel Castro officially removed as head of Cuban Communist Party
Tracy Wilkinson, Los Angeles Times
4/20/11 Fidel not included in Cuban leadership
Paul Haven, The Washington Times
4/20/11 Cuba approves landmark economic reforms
Marc Frank, Financial Times
4/20/11 Cuba Lays Foundation for a New Leader
Randal C. Archibold, The New York Times
4/19/11 Cuban Communist Party begins voting on leadership
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4/19/11 A historical look at the Cuban Communist Party Congress
Frances Robles, Miami Herald
4/19/11 China praises Communist-led ally Cuba for embarking on major economic reforms
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4/18/11 Cuba's Communist Party approves sweeping changes
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4/18/11 Castro critics call term limits cosmetic
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4/16/11 Cuba's Castro proposes setting limits for public office
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4/15/11 Critical Communist Party Congress begins Saturday in Cuba
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4/15/11 Cuba gears up for key Communist summit
AP
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4/13/11 Cuban Communist Party congress looks to future
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4/11/11 50 years after Bay of Pigs, Cuba eyes new course
Isabel Sanchez, AFP
4/11/11 US-Cuba anniversary shows how stuck ties are
Lachlan Carmichael, AP
4/9/11 New entrepreneurs in Cuba get mixed results
Paul Haven, AP
4/7/11 Cuban business group calls for easing US sanctions
4/7/11 Report offers recommendations on how to support small business in Cuba
Cuba Study Group
4/7/11 Experts seek to help Cuban entrepreneurs
4/7/11 Cuba reports sugar production to be akin to 2010
Peter Orsi, Miami Herald
4/7/11 Cuban Sugar Ministry says 2011 production to be similar or just higher than last year
AP, Washington Post
4/7/11 U.S. groups offer to aid small biz in Cuba
Renato Perez, Cuban Colada
4/7/11 For Cuba policy, new ally at the DNC
Frank Calzon, Miami Herald
4/7/11 What Jimmy Carter can’t change in Cuba
Yoani Sanchez, The Washington Post
4/7/11 Cuban business group calls for easing US sanctions
Juan Tamayo, Miami Herald
4/7/11 U.S. urged to support Cuba's nascent private sector
EFE, El Nuevo Herald
4/7/11 Experts seek to help Cuban entrepreneurs
Laura Wides-Muñoz, AP
4/6/11 Cuba, partners to drill 5 Gulf wells this summer
Andrea Rodriguez, Miami Herald
4/6/11 Former President Carter’s Cuba report draws fire
Juan Tamayo, El Nuevo Herald
4/1/11 Trip Report by Former U.S. President Jimmy Carter to Cuba, March 28-30, 2011
The Carter Center for Peace