Cuba being communist doesn't allow outside investments and they don't have any problems getting regular loans, so US financing wouldn't help their economy much at all.
The government of Cuba doesn't have problems getting loans.
For private citizens the biggest obstacle for them getting loans is the Cuban government not liking private enterprises or ownership, not the embargo. Cuba is moving towards a capitalist economy so it isn't that bad today though.
They run a trade deficit of billions each year. How can they import goods for billions without being able to take on debt? Their debt is also increasing by billions per year.
They wouldn't be able to do that if they couldn't get loans.
> you said the Cuban government doesn't allow outside investments - where did you learn that?
I based it on this from the wikipedia page:
"In February 2016, the US government allowed two American men from Alabama to build a factory that will assemble as many as 1,000 small tractors a year for sale to private farmers in Cuba. The $5 million to $10 million plant would be the first significant US business investment on Cuban soil since 1959.[55][56] The deal was not authorized by Cuban authorities later that year because one of the owners had recently obtained Cuban citizenship. Factory ownership is still illegal in Cuba.[57]"
I see now that I was mistaken. The problem was that Cuba doesn't allow their citizens to own means of production, foreign investors owning stuff is somehow more okay. Their legal landscape from foreign investors is still in the works though, not many wants to invest there when Cuba can just take whatever they built there at any point.
> They run a trade deficit of billions each year. How can they import goods for billions without being able to take on debt? Their debt is also increasing by billions per year.
> They wouldn't be able to do that if they couldn't get loans.
Thanks for explaining what you meant. A couple thoughts: Because they can get some credit doesn't mean they can get enough or whatever they need. Access to US financial markets is highly desireable, especially because the US dollar is the usual currency of international trade; in fact, the US cuts of access to sanction people they don't like (Russia, Iran, etc.). Also, a trade deficit isn't debt, in the sense of a business with more expense than revenue; (inter)national macroeconomics are not the same as a private entity's microeconomics.
Cuba being communist doesn't allow outside investments and they don't have any problems getting regular loans, so US financing wouldn't help their economy much at all.