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LatinNews Regional Monitor: Caribbean & Central America - 10 August 2018

CUBA: Foreign investment enshrined in new constitution

The Cuban government has modified its laws and simplified the approval process for investment projects. A decree and three resolutions, published in the official gazette on 2 August, strip back red tape in an attempt to attract more foreign capital and boost the economy. Just two days earlier the government published a new draft constitution, which should take effect next year (after a lengthy process culminating in a popular referendum), that pointedly recognises and encourages foreign investment.

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