Biden Readies Measures to Support Cuba’s Small Business Owners
- Advocates expect to see moves on bank access, lending limits
- Cuba suffers its worst economic crisis since Soviet collapse
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President Joe Biden’s administration is set to ease restrictions on Cuba to allow more US financial support of small businesses, a limited step to try to help private firms struggling to survive in the island’s shattered economy.
The US will unveil regulatory changes aimed at bolstering the entrepreneurial sector on the communist-run island as soon as this week, according to a person familiar with the matter, who spoke on condition they not be named ahead of the announcement.