IMF, World Bank should bring Cuba “in from cold”-report

MIAMI, (Reuters) – The international development  community, especially financial institutions like the IMF and  World Bank, and the United States should reach out to communist  Cuba as it pursues economic reforms and bring it “in from the  cold,” a new think tank report says.

The report published by the Brookings Institution in  Washington says incipient economic reforms set in motion by  Cuban President Raul Castro should be encouraged by the world’s  economic policy makers because history suggests that such  reforms can foster political pluralism.

“In approaching Cuban economic reform, the United States  should join with the international development community in  nudging forward that irresistible flow of history,” said the  report, which will be released today.

The report’s author, Richard Feinberg, is a non-resident  senior fellow with the Latin America Initiative at the  Brookings Institution. He served as special assistant to  President Bill Clinton for National Security Affairs and senior  director of the National Security Council’s (NSC) Office of  Inter-American Affairs.

The Brookings publication is one of several reports by U.S.  think tanks and institutions that have appeared in recent weeks  urging President Barack Obama’s administration to pay close  attention to the reforms currently under way in Cuba, which  remains the target of a long-running U.S. economic embargo.