The Central American Bank for Economic Integration has received over $100 million in American taxpayer dollars. In turn, the bank has provided tens of millions of dollars to the communist Castro dictatorship. Is any of that money received by the Cuban regime from the U.S.? The answer is: very likely.
The Center for a FREE Cuba explains:
Are U.S. taxpayer dollars going to fund the Cuban dictatorship through the Central American Bank for Economic Integration?
A process started during the Obama Administration in 2016 and continued during the Trump Administration has already resulted in the entry of tens of millions of dollars into the coffers of the Cuban dictatorship starting in 2020. With a chunk of the cash probably coming from U.S. taxpayers.
CABEI receives “a large degree of American financing, notably receiving $100 million from the U.S. International Development Finance Corporation (DFC), together with financial support from the U.S. Agency for International Development (USAID), to support lending to micro-, small-, and medium-sized enterprises”, according to Ryan C. Berg at the Center for Strategic and International Studies.
Concerns were raised in 2022 when news broke that the US Agency for International Development (USAID) had sent personal protective equipment for firefighters in Cuba following a devastating fire, but could not account for where they ended up.
However, not picked up in the press was the news that the Central American Bank for Economic Integration (CABEI), an entity created in 1961 through funding by USAID and the Inter-American Development Bank (IDB), announced on January 10, 2022 “the first financing to its extra-regional member country the Republic of Cuba for €46.7 million to benefit more than 11 million people through the production of 200 million vaccines against COVID-19.” On September 23, 2022 (CABEI) signed the first financing agreement with Havana “for the execution of the Project to Strengthen the Cuban Biopharmaceutical Industry aimed at combating COVID-19 for €46.7 million.”
During the Trump Administration “(CABEI), announced the approval of a Non-Reimbursable Financial Cooperation for Emergency Assistance to the Republic of Cuba, for an amount of up to €935,600.00 with the objective of strengthening the efforts to combat health care implemented in the country.”
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