Informacion economica sobre Cuba

Going to Cuba? Bring your own toilet paper: Cash-strapped island says
it's running out
Thursday, August 13th 2009, 9:22 AM

Toilet paper is currently in short supply in Cuba. Government officials
say a large shipment is expected at the end of the year.

HAVANA – Cuba, in the grip of a serious economic crisis, is running
short of toilet paper and may not get sufficient supplies until the end
of the year, officials with state-run companies said last week.

Officials said they were lowering the prices of 24 basic goods to help
Cubans get through the difficulties provoked in part by the global
financial crisis and three destructive hurricanes that struck the island
last year.

Cuba's financial reserves have been depleted by increased spending for
imports and reduced export income, which has forced the communist-led
government to take extraordinary measures to keep the economy afloat.

"The corporation has taken all the steps so that at the end of the year
there will be an important importation of toilet paper," an official
with state conglomerate Cimex said on state-run Radio Rebelde.

The shipment will enable the state-run company "to supply this demand
that today is presenting problems," he said.

Cuba both imports toilet paper and produces its own, but does not
currently have enough raw materials to make it, he said.

One of the measures taken to address the cash crunch is a 20 percent cut
in imports, which in recent days has become evident in the reduction of
goods in state-run stores.

Cuba imports about 60 percent of its food.

Despite the shortages, prices will be cut between 5 percent and 27
percent for some food, drugs and personal hygiene products, officials said.

A visit to a store in Havana's Vedado neighborhood on Friday found that
prices had dropped for mayonnaise, barbecue sauce and canned squid.

One customer, who gave his name only as Pedro, complained that "it
doesn't look like prices have been lowered for the fundamental products"
such as cooking oil.

Ana Maria Ortega, deputy director for military-run retail conglomerate
TRD Caribe, said there will be no shortage of basic goods.

"The conditions are in place to maintain the supply of essential
products," she said on the same radio program.

Cubans receive a subsidized food ration from the government each month
that they say meets their needs for about two weeks.

President Raul Castro told the National Assembly last week that the
government had cut its spending budget for the second time this year and
has been renegotiating its debt and payments with foreign providers.

Cuba has long blamed the 47-year-old U.S. trade embargo against the
island for many of its economic problems. It also said that last year's
hurricanes did $10 billion worth of damage that forced the government to
spend heavily on imports of food and reconstruction products.

Castro, who replaced his ailing older brother Fidel Castro as president
last year, also has complained that Cuba's productivity is too low.

He has taken various steps to boost output, including putting more
state-owned land in private hands and pushing for salaries to be based
on productivity.

Going to Cuba? Bring your own toilet paper: Cash-strapped island says
it's running out (13 August 2009)

Related Articles:

Print Friendly, PDF & Email

Leave a Reply

Your email address will not be published. Required fields are marked *

August 2009
« Jul   Sep »
Please help us to to pay for more powerful servers. Thank you.
Peso Convertible notes
Peso Convertible