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How the IMF and World Bank could save Cuba's economy – defying the US embargo

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Feinberg unravels the conventional wisdom that says Cuba and the IFIs would make unhappy bedfellows – Cuba withdrew from the World Bank and the International Monetary Fund more than 40 years ago – by pointing to successful IFI engagement with nonmembers like Kosovo and South Sudan, and with proud and strong states like Daniel Ortega's Nicaragua and Vietnam, with which Cuba shares key similarities.  The IFIs are more interested in “the long game,” Feinberg argues, and their willingness to take things step by step would fit nicely with Cuba’s (urgent) need for gradual changes.  He talks to both sides, and a senior Cuban diplomat tells him that “Cuba has no principled position against” engagement with the IFIs – a statement Feinberg believes signals a real shift in Cuban policy (hopefully a Cuban official will field that question publicly in the not too distant future).  

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