Connect with us

Hi, what are you looking for?

Bold TV

WATCH: Will U.S. Restrictions Hurt the Cuban Economy? Moody’s Expert Weighs In

Jaime Reusche, Vice President and Senior Credit Officer at Moody’s Investors Service, joined us on Bold Business to discuss President Donald Trump’s new policy on Cuba, which rolls back some measures taken by the previous Obama administration to ease sanctions on travel, trade and other financial transactions with Cuba. Watch here or on our Facebook page

Jaime, a Moody’s sovereign debt analyst, is the author of a new Moody’s report called “US Revision of Cuba Policy Is Negative for Island,” which points out that the re-opened U.S. embassy in Cuba will remain. This implies that collaboration will continue on a range of issues, Moody’s said, including migration, security, disaster relief and other areas on which the two countries have been working together.

Under President Trump’s policy changes, the United States would henceforth strictly enforce a ban on tourism to Cuba and would prevent the flow of dollars to the Cuban government, forbidding U.S. businesses from making transactions with entities tied to the Cuban military. In response to the looser policies enacted by the Obama administration, Moody’s placed a positive outlook on the island nation, though that could change in light of a likely drop in tourism to Cuba, the biggest source of revenue, or what Jaime called, its “staple.”

“For Cuba, it’s really a lost opportunity,” Jaime said on Bold TV. “It’s more, ‘What could have come to Cuba?’ And that’s what’s being jeopardized.”

One of our Bold Business hosts, David Grasso, is not only Cuban-American, but also recently traveled to Cuba to visit his family there. Grasso reflected on his travels, as well as the dynamics of the Cuban economy. No matter your political views, the recent travel restrictions raise questions on what’s next for the island economy.

Jaime also shared more about his work at Moody’s, which includes sovereign analysis on other countries like Mexico, Peru, and Venezuela.

16 hours ago
The Norwegian Women’s Beach Handball Team Was Fined for Wearing Shorts. - https://t.co/pmzHLb7nMz
17 hours ago
New Infrastructure Bill: Why the Crypto Community Is Not Happy - https://t.co/9IbXioPRYw
18 hours ago
ScarJo vs. Disney: Why This Lawsuit Is so Significant - https://t.co/iksIL5PMCe
19 hours ago
The Olympics aren't getting the viewership it's used to. But, thanks to social media platforms like TikTok, Instagram, and YouTube, fans can see highlights and behind the scenes of the games.
Are you watching the games? If so, how? https://t.co/VAUj4HFHkh
20 hours ago
Should A Vaccine Be Mandatory? Here’s the Deal - https://t.co/VT19PKaIjL

You May Also Like

Business

A new Starbucks location isn’t just a bat signal for coffee drinkers. It is also an indicator of growing real estate values in the...

Opinion

I am a Robinhood user. I downloaded it to enter the world of investing. Some of my friends from college recommended it because it...

Politics

It’s almost been a year since the statewide lockdowns began to spread across the country. Since then, qualified Americans only received one stimulus payment....

Business

Have you ever heard that Denmark is the happiest nation in the world? In this segment on happiness, we hear from our guest host...

Copyright © 2021 Bold TV. Bold TV is owned and operated by GenBiz Inc. a 501(c)(3) non-profit organization.