Consoom Communism
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https://www.cigionline.org/articles/imfs-final-few-what-will-it-take-cuba-rejoin/
"In 1958, the government of President Fulgencio Batista borrowed a small amount from the IMF: US $12.5 million, equivalent to 25 percent of Cuba’s quota. The terms of the arrangement called for Cuba to repay the loan within six months, but by then the government was close to collapsing. After forces under Fidel Castro overthrew the regime in January 1959, the new government repeatedly requested to postpone repayment. When the balance due was still outstanding (and interest charges were still piling up) in 1963, the IMF’s rules required the Managing Director to take action leading to a prohibition on the further use of Fund resources. That process dragged on for several months until Cuba withdrew from membership in 1964. Nonetheless, over the next five years, the Castro government gradually repaid the full amount due, including all interest charges.
"After the U.S. imposed a trade embargo in 1960, Cuba became heavily dependent on the Soviet Union for trade and financial support. That dependency became a more serious problem when the Soviet Union was dissolved in 1991. The end of reliable support threw the Cuban economy into a severe recession that abated only after the government relaxed some restrictions on private enterprise. In an effort to try to strengthen economic relations with a broader range of countries, the Castro government then began putting out feelers toward the IMF.
"In 1993, Cuba invited an IMF official, Executive Director Jacques de Groote, to visit Havana for secret meetings with Castro and other senior officials. De Groote, who had good relations and contacts with a number of Communist countries, offered advice on a personal basis and provided documents and other information about how the Fund operated and what it could offer. That led to a number of further contacts at a lower level and eventually to a request for technical assistance from the IMF. The Fund, bowing to opposition from the U.S., declined the request. There the matter has rested."