Informacion economica sobre Cuba

Cuba approves loans to help private entrepreneurs launch small businesses
By The Associated Press – 2 hours ago

HAVANA — The Cuban government has authorized local banks to offer credit
to private small business owners and agricultural producers as part of a
sweeping economic overhaul announced last year.

Havana is dismissing hundreds of thousands of state employees while
granting licenses for a broad array of private businesses to absorb the
layoffs.

The credit measure is intended to help would-be entrepreneurs get off
the ground.

State-run newspaper Granma announced Wednesday that the measure was
approved March 25 during a meeting of the Council of Ministers, presided
over by President Raul Castro.

Castro has said the economic overhaul is intended to update Cuba's
socialist economic model and is not a wholesale switch to capitalism.

http://www.google.com/hostednews/canadianpress/article/ALeqM5iSE8yXDu2I6y4mnkYXEnUU3VuOhA?docId=6409730


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