Cuban-American group proposes fund to help private enterprise in Cuba

0 Comments | AFP, August, 2007

MIAMI (AFP) — Cuban-American business leaders on Friday called for the creation of a 300 million dollar fund to help build private enterprise in Cuba once the communist-run state adopts what they called "inevitable" reforms.

The proposal, presented at a conference in Miami, is based on the Enterprise Funds that invested US grants in small and medium sized corporations in eastern European countries when they emerged from communism in the 1990s.

The Cuba Study Group, an organization made up of Cuban-American business and community leaders, suggested that the US government, the European Union and private companies should each provide 100 million dollars for the "Cuban Enterprise Fund."

The group made it clear the money would only be available once Cuba adopts...