Will Cuba Rejoin the IMF?
The decision by the US to reestablish diplomatic relations with Cuba opens the possibility that the island will rejoin the International Monetary Fund, which it left in 1964. But will Cuba apply, and can the US circumvent its own law barring Cuba's admission?
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SANIBEL – The restoration of diplomatic relations between Cuba and the United States unlocks new prospects for the island’s economy. Some steps, including the removal of the US trade embargo, are prohibited by the Helms-Burton Act, adopted by the US Congress in 1996. But the renewal of Cuba’s membership in the International Monetary Fund is a real possibility.