Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > US-funded Cuban media in limbo after Trump orders USAID closed
    Headlines

    US-funded Cuban media in limbo after Trump orders USAID closed

    US-funded Cuban media in limbo after Trump orders USAID closed

    Published by Global Banking and Finance Review

    Posted on February 10, 2025

    Featured image for article about Headlines

    By Dave Sherwood

    HAVANA (Reuters) - Some U.S.-funded media outlets that report on Cuba are seeking alternative sources of financing while the Trump administration pursues a plan to dismantle the U.S. Agency for International Development (USAID), leaving their fate in limbo.

    The U.S. State Department has issued worldwide stop-work directives - now under court review - that have effectively frozen most foreign aid, including funding for media outlets that cover Cuba but operate independently of the Cuban government. 

    The move to dismantle USAID, Trump has said, is aimed at ensuring foreign aid is aligned with his "America First" policy. 

    Miami-based CubaNet, which received a dedicated $500,000 from USAID in 2024 to engage "on-island young Cubans through objective and uncensored multimedia journalism," last week published an editorial on its site seeking donations from readers. 

    "We are facing an unexpected challenge: the suspension of key funding that sustained part of our work," the editorial read. "If you value our work and believe in keeping the truth alive, we ask for your support."

    The Madrid-based Diario de Cuba, in a column from Director Pablo Díaz Espí on Friday, launched a similar plea.

    "Aid to independent journalism from the U.S. Government is suspended, which makes our work even more arduous," Diaz Espi said.

    The decision to slash the funding appears to conflict with a broader U.S. government policy towards Cuba that has long funded opposition and human rights advocacy groups, as well as "independent" media.

    USAID funding for Cuba-related media amounted to $2.3 million in 2024, according to agency budget reports, the majority earmarked for programs titled "Independent Media and Free Flow of Information."

    The programs infuriate the Cuban government, which has long chided the U.S. and its aid agency for underwriting digital news outlets it calls proxies for U.S. foreign policy.

    Foreign Vice Minister Carlos Fernandez de Cossio called the U.S.-funded media "dependent on its master," in a Friday post on social media.

    "Is there anything independent about a journalist, an activist or an opposition member who lives off the money paid by the US government through USAID and now feels suffocated when they shut off the tap?," de Cossio said.

    The Cuban government allows some foreign news agencies and outlets to work in Cuba, but has largely prohibited U.S.-government funded media from operating on the island, forcing many journalists into exile and pressuring others to stop their work. 

    Most such news sites are censured in Cuba, including some, like online website CiberCuba, which says it does not receive U.S. or government funding of any kind.

    Newly appointed U.S. Secretary of State Marco Rubio, the son of Cuban immigrants, has promised to restore a "tough" policy on Cuba, doubling down on sanctions on the communist-run government.

    Rubio has not commented on the halting of U.S. funding for the Cuba-focused media outlets.

    (Reporting by Dave Sherwood; Editing by Sharon Singleton)

    Related Posts
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Under Ukraine security guarantees, Western troops could repel Russian forces post-ceasefire, says Germany's Merz
    Slovaks rally against government moves they see damaging rule of law
    Slovaks rally against government moves they see damaging rule of law
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    US threatens countermeasures after EU fine on Musk's X
    US threatens countermeasures after EU fine on Musk's X
    EU drops 2035 combustion engine ban as global EV shift faces reset
    EU drops 2035 combustion engine ban as global EV shift faces reset
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    Israeli settler kills 16-year-old Palestinian in West Bank, mayor says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    Campari's parent company settles tax dispute with 405 million euro payment
    Campari's parent company settles tax dispute with 405 million euro payment
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Universal offers to sell Downtown's Curve to win EU approval, source says
    Reactions to European Commission proposal to reverse 2035 combustion engine ban
    Reactions to European Commission proposal to reverse 2035 combustion engine ban
    Italy's offshore wind push languishes, putting climate goals at risk
    Italy's offshore wind push languishes, putting climate goals at risk

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    New Rome metro stations showcase ancient treasures after years of delays

    New Rome metro stations showcase ancient treasures after years of delays

    New Czech government signals tough stance on migration, EU emissions rules

    New Czech government signals tough stance on migration, EU emissions rules

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    What's in the European Commission's proposals to reverse 2035 combustion engine ban? 

    Zaporizhzhia nuclear plant running on single power line, Russia says

    Zaporizhzhia nuclear plant running on single power line, Russia says

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    No news on whereabouts or health of Iranian Nobel laureate Narges Mohammadi, supporters say

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    Germany wraps up Patriot air defence mission in Poland

    Germany wraps up Patriot air defence mission in Poland

    Bosnian police detain two officials over deadly retirement home fire

    Bosnian police detain two officials over deadly retirement home fire

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Explainer-Bondi Beach suspects travelled to Philippine region known for Islamist militancy

    Family of Bondi hero in Syria says his home country is proud of him

    Family of Bondi hero in Syria says his home country is proud of him

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    UK police charge two men with belonging to Hezbollah, attending terrorism training

    Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    Saudi firm Midad among frontrunners to buy Lukoil's global assets, sources say

    View All Headlines Posts
    Previous Headlines PostBreakaway Moldovan region says it has agreed gas supplies backed by Russian loan
    Next Headlines PostSpanish winemaker hedging against US tariffs, sending buyers early 'security' stock