Foreign investment
The overall climate for foreign investment in Cuba has improved during 2007, especially for larger investors. Marta Lomas (Minister for Foreign Investment-MINVEC) said in September 2007 that “Cuba is ready for a second phase of opening towards foreign investment, without repeating the errors of the 1990s." While the number of economic associations has been further reduced to 237 (2006) from 403 (2002), overall Foreign Direct Investment (FDI) increased by 22% in 2006 to US$981 million (m).
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