Heinz Ketchup Pours Faster... President Of Cuba Talks “Can” And “Are” And “Have” Yet Printed Regulations For Direct Investment/Direct Financing Into Private Sector “Is” MIA For Nearing Four Years
/President Of Cuba Talks “Can” And “Are” And “Have”
Yet Printed Regulation Authorizing Direct Investment And Direct Financing Into Re-Emerging Private Sector “Is” MIA For Nearing Four Years
Anticipation Of A Droplet Of Heinz Ketchup Does Not Take This Much Time
Mistake For Havana To Believe It Can Extract Something From Washington By Implementing Regulations That Should Have Been Implemented Four Years Ago
Miguel Diaz-Canel, President of the Republic of Cuba (2019- ), is the latest official of the government of the Republic of Cuba to offer statements about receiving direct investment and direct financing into the re-emerging private sector in the Republic of Cuba.
He joins Oscar Pérez-Oliva Fraga, Deputy Prime Minister of the Republic of Cuba and Minister of Foreign Trade and Investment of the Republic of Cuba, Carlos Fernández de Cossío, Deputy Minister of Foreign Affairs of the Republic of Cuba, and Lianys Torres Rivera, Charge d’Affaires of the Embassy of the Republic of Cuba in Washington DC.
Unfortunately, the now quartet of voices is rehashing the same lyrics rather than writing new lyrics for new songs.
Newsweek
7 April 2026
Washington DC
Excerpts (3 April 2026)
“But I do believe that we can engage in dialogue and negotiations for agreements. We can reach agreements on issues such as migration, security, the environment, science and innovation, trade, education, culture and sports. We can also have investments from U.S. firms in Cuba, and we can develop trade between both countries.”
“We have updated and eased the regulations for foreign direct investment in Cuba. We are encouraging closed-loop funding schemes for foreign currency. We have opened new avenues for the participation of Cubans residing abroad in our socio-economic development program. We are refining the appropriate relationships that must exist between the state and non-state sectors of the economy.”
“We are driving a profound energy transition oriented toward renewable energy sources. We are boosting food production in the country to achieve food sovereignty, improving our banking and financial system and always with a focus on how we address vulnerabilities and how we reduce and mitigate any existing social inequalities without, moreover, renouncing solidarity-based assistance, collaboration and cooperation with other countries.”
Since 10 May 2022, when the Biden-Harris Administration (2021-2025) authorized the delivery of direct investment and direct financing into a privately-owned company owned by a Republic of Cuba national residing in the Republic of Cuba, the words are, can, and have when deployed by officials of the government of the Republic of Cuba have the same meaning- nothing implemented.
Link: Four Years Late: Do Not Get Orgasmic About Cuba Government Private Sector Announcements March 16, 2026
Link: Now The Hard Part For Cuba: Implementing Quickly Transparent, Equal-For-All, MSME Investment & Financing Regulations. No Limitations. No Selectivity. No Orwellian Process. August 04, 2022
Link: Biden-Harris Administration Approves First Equity Investment Since 1960 In A Private Cuban Company May 10, 2022
Link: With U.S. Government Authorization For First Direct Equity Investment Into A Private Company In Cuba, Here Is Important Context And Details. About The Parties; About The Message. May 16, 2022
The Diaz-Canel-Valdes Mesa Administration (2019- ) in 2022 did not need the government of the United States to do anything prior to it doing something.
The Palacio de la Revolución in the city of Havana failed to respond to an initiative (which it previously maintained it wanted and welcomed) from The White House in the city of Washington DC.
Did not have to await the arrival of the Trump-Vance Administration (2025-2029) to publish a Know Your Customer (KYC) document (any financial institution can provide it) that management of a privately-owned company owned by a Republic of Cuba national residing in the Republic of Cuba would present to a Republic of Cuba-based financial institution to document the origin of the financing and/or investment.
The absence of a regulation does not only legally prevent the delivery of direct financing and direct investment from the United States into the re-emerging private sector in the Republic of Cuba. The absence of regulation impacts all countries. Including friends of the government of the Republic of Cuba- China, Mexico, Russia, Spain, and Vietnam.
Severely limited self-employment was authorized in the mid-1990’s and then expanded further in 2010. In 2021, the first micro, small, and medium-size enterprises (MSME’s) were authorized by the government of the Republic of Cuba. There are today a reported approximately 10,000 MSMEs operating in the Republic of Cuba.
Funding for the self-employed and PYMES (Spanish language acronym) has arrived in the Republic of Cuba absent authorization. Most of the funding has its origin in the United States. Specifically in the State of Florida where approximately one million individuals of Cuban descent reside.
Not institutionalizing the process for the delivery of direct investment and direct financing into the re-emerging private sector in the Republic of Cuba does provide the government of the Republic of Cuba will a convenient means of enforcement- preventing the arrival of all funding because none of it is authorized. If there were regulations in place, the process of disruption would be cumbersome, and publicly so.
A monumental mistake in judgement for the Diaz-Canel-Valdes Mesa Administration to believe it can use as a bargaining chip with the Trump-Vance Administration the institutionalizing of the authorization of direct investment and direct financing into the re-emerging private sector in the Republic of Cuba. Not only a monumental mistake in judgement. It would be diplomatic malpractice. And just stupid. The government of the Republic of Cuba is not going to be rewarded for doing today what it could have and should have done four years ago.
Not implementing a simple KYC regulation for the delivery of direct investment and direct financing into the re-emerging private sector in the Republic of Cuba, along with not authorizing (encouraging) Republic of Cuba government-operated financial institutions to actively seek correspondent account relationships with United States-based financial institutions, will only deliver one result.
The remaining approximately ten million residents of the Republic of Cuba will suffer further, and the re-emerging private sector, which is the viable pathway for commercial, economic, and financial recovery in the Republic of Cuba, will continue to be constrained and impeded, and nowhere near its potential.
The Diaz-Canel-Valdes Mesa Administration should expect more, deliver more, and want more for its shareholders- its ten million residents.
End use of the words are, can, and have and transition promptly to writing and implementing non-burdensome regulations.
