Cubans are eager to expand their microenterprises, explain experts from Western Union to Cuba Emprende. ... Play Video
Germán Ríos, Corporate Director of Strategic Affairs, CAF - Development Bank of Latin America
John McIntire, Chairman, Cuba Emprende Foundation
Pia De Lima, Vice President, Western Union
Alana Tummino, Director of Policy and Head of the Cuba Working Group, AS/COA (moderator)
Despite the Cuban government's control of the economy, recent reforms are widening Cubans' opportunities to open private businesses. Just by looking at the distinct culture of remittances in Cuba, it's easy to tell Cubans are eager to be productive, said Western Union's Pia De Lima. Unlike most countries in the world, Cubans use a majority of the remittances they receive to finance microenterprises rather than pay for everyday expenses.