Cuba Courts Exile Investors Amid Blackouts

Cuba is taking steps to revitalize its economy, including opening it to investment from Cubans living abroad. The move, announced this week, will allow those in the diaspora to own businesses on the island and invest in infrastructure. This decision comes as Cuba recovers from a recent national blackout and faces increasing pressure from the United States. Officials stated they are also working to remove obstacles for US and other foreign investors. The government’s actions represent a significant shift, aiming to bolster the state-dominated economy and address long-standing demands from the Cuban-American community, particularly in Miami. This diplomatic effort seeks to attract capital and stimulate growth.