1497 Days Waiting For A Document Does Not Inspire Confidence That President Diaz-Canel Can Or Knows How To Fix The Commercial Pandemic Infecting Cuba.
/Miguel Diaz-Canel, President of the Republic of Cuba (2019- ), announced a journey to restructure the commercial, economic, financial, political, and societal infrastructure of the Republic of Cuba.
4 years 1 months 5 days or 49 months 5 days or 213 weeks 6 days or 1497 calendar days and the re-emerging private sector in the Republic of Cuba awaits one page of paper… Why?
The inter-agency review process required approximately one year with consultations, discussions, meetings, and negotiations with officials throughout the Biden-Harris Administration (2021-2025). The Office of Foreign Assets Control (OFAC) license was issued on 10 May 2022.
The Biden-Harris Administration directed the OFAC to issue the first license authorizing an entity subject to United States jurisdiction (not affiliated directly or indirectly with an individual of Cuban descent) to deliver a direct equity investment to and authorizing direct financing for an officially registered privately-owned company (in the service sector) located in the Republic of Cuba and owned by a Republic of Cuba national. Neither entity in the transaction is connected with the other in terms of commercial relationships or family relationships. The parties did not have connectivity prior to this transaction.
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
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: 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 April 09, 2026
Link: Four Years Late: Do Not Get Orgasmic About Cuba Government Private Sector Announcements March 16, 2026
Link: If MSMEs Are Important To Cuba, Why Nearing Seven Months And No Regulations Authorizing Foreign Investment And Foreign Financing? Biden Administration And 6,000 MSMEs In Cuba Are Waiting. November 30, 2022
Link: Why Is One-Year Anniversary Of Biden-Harris Administration Approving First Investment/Financing To Private Company In Cuba A Disappointment? Cuba Has Not Published Regulations For Delivering It. May 09, 2023
