Cuba and IMF

 Answering the friend's questions 

Cuba does not have access to loans from the International Monetary Fund (IMF) due to the following reasons:

- Cuba is not a member of the IMF, the World Bank (WB), or the Inter-American Development Bank (IDB).

- The Helms-Burton Act imposed by the United States prevents Cuba from joining these international financial institutions.

- The economic blockade imposed by the United States on Cuba also limits the country's access to international credits and financial transactions.

- This has forced foreign companies operating with Cuban banks to process their operations through intermediary banks, incurring additional costs.

- Foreign experts have advised the Cuban government on the possibility of Cuba joining the IMF, but the normalization of diplomatic relations with the United States and the removal of political conditions are necessary for this to happen.

In summary, the economic blockade imposed by the United States and Cuba's lack of membership in the main international financial institutions prevent it from accessing IMF loans at present.

Humberto, Guide & Teacher in Havana Whatsapp +5352646921