Cuban Americans Plan $90 Billion Investment for Post-Communist Cuba
What happened
A group of wealthy and politically connected Cuban Americans in Miami is drafting private contingency plans for a post-communist Cuba, which include proposals for a new stock exchange and airport renovations. Jorge Mas, chairman of MasTec, estimated that stabilizing Cuba's economy and repairing infrastructure during the first three years of a political transition would require approximately $90 billion. These proposals are not an announced program, and the communist government remains in power.
From latintimes.com
Why it matters
The plans outline a potential influx of billions of dollars in private investment into Cuba's infrastructure and financial sectors. Mas stated that if necessary political and legal conditions existed, wealthy Cuban Americans and their associates could raise the required funds. The proposals offer insight into how influential Cuban Americans envision the island's economic structure after decades of communist rule.
From latintimes.com
Who's involved
- Jorge MasAmerican businessman leading planning for Cuba's post-communist future
- CubaSovereign state targeted for potential post-communist economic transition
- Inter Miami CFProfessional soccer club owned by Jorge Mas
- MasTecInfrastructure and construction company led by Jorge Mas
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- CubaSpeculative
Future Cuban infrastructure projects might see increased investment in construction and power generation if the proposed political and legal conditions were met.
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The entities involved
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Jorge Mas
American businessman
Nothing else this week.
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Cuba
sovereign state situated on an island in the Caribbean Sea
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