Private sector

In Cuba, remittances from emigrants are crucial for daily expenses and major purchases, delivered by couriers like Naychel, who estimates distributing over a million dollars in three years. The system runs via agencies using platforms like Zelle, bypassing official banking due to restrictions. It includes both cash and in-kind goods, vital amid low tourism and medical missions.

March 04, 2026 Iniulat ng AI

On March 2, 2026, Miguel Diaz-Canel stressed the need for urgent transformations in Cuba's economic and social model. Hours later, Decree-Law 114/2025 was published, regulating partnerships between state entities and private actors. The measure institutionalizes cooperation while preserving centralized state control.