Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
AmericasOctober 3 2016

Is Cuba ready for a sanctions-free future?

The collapse of its key economic and political allies has prompted Cuba to re-engage with the international community. Moreover, the promise of an end to sanctions from long-time antagonist the US has given Western businesses the hope of valuable business deals – but can they see eye to eye? Silvia Pavoni reports.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

“We’ve had a process for doing things. Some [things] went well and some didn’t,” says Joaquin Infante Ugarte, an adviser on Cuba’s state-run economy, meticulously describing plans to update the socialist country’s development model on a humid June afternoon in Havana.

Mr Infante Ugarte, vice-president of the National Association of Economists and Accountants of Cuba, lived through the armed revolution of the 1950s against the US-backed government of the time, which reshaped the Caribbean island’s social and economic fibre. In the decades since, he has seen some of his grandchildren and great-grandchildren moving to and growing up in the US.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
Read more articles from this author