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The new financial framework for the Cuban non-state sector

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  • Pavel Vidal
  • P. V. Viswanath

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.

Suggested Citation

  • Pavel Vidal & P. V. Viswanath, 2019. "The new financial framework for the Cuban non-state sector," Post-Communist Economies, Taylor & Francis Journals, vol. 31(2), pages 218-239, March.
  • Handle: RePEc:taf:pocoec:v:31:y:2019:i:2:p:218-239
    DOI: 10.1080/14631377.2018.1460534
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