Cuba's Central Bank Unveils Reforms: New Banks, Fintech, Consumer Credit to Revive Economy

Cuba's central bank announces a reform package to restore financial functions, including new banks, fintech, consumer credit, and greater autonomy to attract savings. This marks a notable policy shift toward private capital in a state-controlled economy, though implementation details and political constraints remain uncertain. The move signals an attempt to address economic stagnation, but its market impact is limited given Cuba's isolation from global capital markets.