The new financial framework for the Cuban non-state sector

Pavel Vidal Alejandro and P. V. Viswanath

Post-Communist Economies, 2019, vol. 31, issue 2, 218-239

Abstract: A cornerstone of the current Cuban economic model reforms is its opening to the non-state small-scale sector. Using the results of a survey of non-state businesses, we look at the provision of financial services to the small- and medium-sized enterprises in the non-state sector from two perspectives: first, the nature of the new credit regulations and bank policies and how they accomplish the evaluation of credit to a hitherto non-existent sector; and second, how these small business clients view their relationship with their lender state banks. We look at Cuba from the perspective of a socialist economy in transition and compare it to microfinance in China and India.

Date: 2019
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DOI: 10.1080/14631377.2018.1460534

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