Help Wanted: Cuba's government turns to growing diaspora for

Help Wanted: Cuba's government turns to growing diaspora for investment

Cuba wants to tap its fast-growing overseas population for fresh investment to lift its sinking economy, a top foreign ministry official told Reuters this week, as the communist-run nation looks to overcome its worst downturn in decades. Food, fuel and medicine shortages have pushed a record number of Cubans to leave their Caribbean island home in the past two years, sapping the nation of resources necessary to jump-start an economy already shackled by the pandemic and stiffened U.S. sanctions. This migration wave includes many young people and "is having the greatest impact in history in terms of demographics, because of its composition," said Ernesto Soberon, director of Consular Affairs for the Cuban Foreign Ministry.

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