The Central Bank of Cuba published an account of President Miguel Díaz-Canel’s meeting with private-sector representatives, where he called for permanent dialogue across Cuba’s unified business system, encompassing state and nonstate enterprises. He urged businesses to align their activities with national and local development strategies by increasing domestic production, reducing reliance on finished imports and adopting technology and innovation. Díaz-Canel also warned against tax evasion, corruption, hoarding, speculation and prices disconnected from economic realities. He said profits should reflect productivity, efficiency, innovation and risk rather than abusive pricing, and indicated that authorities would continue action against businesses that refuse transfer payments until the practice is eliminated.
2026-08-26Central Bank of Cuba
Central Bank of Cuba reports presidential push for permanent business dialogue and stronger private sector compliance
The Central Bank of Cuba reported President Miguel Díaz-Canel’s call for permanent dialogue with state and nonstate businesses and closer alignment with national development priorities. He also warned against tax evasion, speculation and abusive pricing, and called for continued action against businesses refusing transfer payments.