On May 31, DFrente, a Cuban organization that seeks the refoundation of the Republic of Cuba, claims the new U.S. regulations regarding Cuba’s private enterprise sector may help reduce Cuban inflation.[1]
Its statement asserted that the new Regulations “offer a horizon of empowerment to the emerging MSMEs of the Island . These could achieve better access to computer services that are the central column of the functioning of contemporary economies; fluid access to the North American market; and allow a greater flow of foreign currency to Cuba, which would translate into an increase in remittances and therefore liquidity in the country.”
The organization also said the new Regulations “could contribute to mitigating inflation problems, facilitate the ability to import basic products that are so urgent today for our population, and perhaps untie some ‘knots’ that limit production.”
The new Regulations “could in some way affect the improvement of the very poor living conditions of the vast majority of Cubans.” DFrente, therefore, demanded that “the Cuban Government complete and implement the Business Law announced since 2022, and “that it remove all the obstacles that the Government itself imposes on the nascent private business community, on foreign investment and on the establishment of an effective economic model, in short, on the prosperity of the entire nation.”
The D’Frente statement continued: “There will be no definitive solution without the State returning sovereignty to the people, so that individual and social freedom can become the soul of the Republic that we deserve.”
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[1] Declaration de Dfrente About the Recent Regulations of the Biden Administration (May 31, 2024); Dfrente Platform on new US measures: ‘they could help mitigate inflation problems’, Diario de Cuba (May 31, 2024)
