Banking

Banking Reform in Cuba

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Many of the banking reforms that have taken place within the banking system of Cuba have been the result of a partnership with the German Sparkassenstiftung für internationale Kooperation – the Savings Banks Foundation for International Cooperation (SBFIC).  Cuba’s Banco Popular de Ahorro (BPA) has worked in partnership with the development group to modernize its banking system. The SBFIC has previously assisted in the restructuring and modernization of banking systems in other Latin American countries including Bolivia, Chile, Colombia, Ecuador, El Salvador, Honduras, Mexico, Panama and Peru.  The organization helps banks achieve sustainable economic and social development. The restructuring and modernization processes are in line with the Basle Capital Accords.  SBFIC and BPA worked together in a public private partnership in order to achieve the goal…

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Unbiased reporting on economic news and business developments in Cuba by industry sector

 

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