Havana Consulting Group

The Havana Consulting Group (HCG) is a Miami-based independent research and advisory firm specialising in the Cuban economy, diaspora remittances, and business environment. On 7 April 2026 its analysts were cited by CiberCuba attributing CADECA's decision to open cash dollar remittance windows to the regime's need to recapture flows from informal banquero networks, noting that formal remittances were running 70 per cent below the 2019 baseline.

Founded by Cuban-American economists, HCG produces economic research on Cuba that is widely used by US government agencies, think tanks, international financial institutions, and journalists covering the island. Its reports on remittance flows, tourism statistics, and FDI are among the most-cited independent datasets on the Cuban economy, given the limited transparency of Cuban government statistical releases.

In 2026, HCG's analysis has been particularly relevant to assessing the economic impact of EO 14380: its estimates on remittance decline, informal market growth, and hard-currency scarcity serve as a key independent check against both Cuban government statements and US policy claims. Its 70-per-cent-below-baseline figure for formal remittances is one of the most concrete numbers available on the severity of the financial isolation affecting ordinary Cubans.