EFE (via 14ymedio), Washington, January 18, 2024 — The United States does not plan for now to allow Cuban Micro, Small & Medium Enterprises [MSMEs] access to the US banking system, a senior State Department official said on Thursday. Eric Jacobstein, deputy undersecretary of Latin American affairs, was questioned in a congressional committee about the rumors that the U.S. Government would be considering allowing Cuban entrepreneurs to open accounts in American banks.
“At the moment I have no information about specific regulatory changes,” the official replied.
However, Jacobstein assured during his speech that the Biden Administration is committed to “supporting the Cuban people” and facilitating “the growth of the private sector” on the Island.
The deputy undersecretary stated that the “Cuban communist experiment failed,” so in 2021 the Government of Cuba had to authorize the creation of micro, small and m
