Saturday, May 07, 2011

Cuba to finally unveil Communist-approved reforms

Cuba to finally unveil Communist-approved reforms
Reuters
– Sat May 7, 8:55 am ET

HAVANA (Reuters) – More than 300 economic reforms approved last month at
Cuba's Communist Party congress will be unveiled on Monday when
publications containing the changes go on sale, the country's state
press said on Saturday.

Communist Party newspaper Granma said there will be a pamphlet listing
the changes and a 48-page tabloid explaining them.

They will sell for, respectively, one and two Cuban pesos each, or the
equivalent of about 12 cents U.S. for both.

The reforms represent President Raul Castro's attempt to strengthen
Cuba's struggling Soviet-style economy by encouraging more private
initiative and reducing the role and size of the state.

Many of the reforms are already underway, but others had to be refined
and approved April 18 at the congress of Cuba's only legal political
party and the final form has not been revealed.

Cubans are particularly anxious to see what the Communists decided about
the fate of the universal monthly food ration that Castro says is too
costly and whether they will be able to freely sell homes and cars.

The president, who succeeded his older brother Fidel Castro in 2008, has
said the ration should only go to those who truly need it, but many
Cubans fear losing a social benefit they have received for almost half a
century.

To the chagrin of many Cubans, sales of homes and cars have been
severely limited for years, but Raul Castro has promised a loosening of
restrictions.

Major reforms already underway include the slashing of state payrolls,
allowing more self employment, and the leasing of state lands to
would-be farmers.

The changes are expected to give more autonomy to state-run companies
and take steps to encourage more foreign investment, including in such
things as luxury golf course resorts that previously have been anathema
to Cuba's communist rulers.

Raul Castro has said the changes are needed to assure that Cuban
communism put in place after the Caribbean island's 1959 revolution
lives on when the current, aging rulers are gone.

(Reporting by Jeff Franks; Editing by Eric Beech)

http://news.yahoo.com/s/nm/20110507/wl_nm/us_cuba_reforms;_ylt=A0wNdO0Xo8VNIFkAI763IxIF;_ylu=X3oDMTJtNjlrbm1zBGFzc2V0A25tLzIwMTEwNTA3L3VzX2N1YmFfcmVmb3JtcwRwb3MDNDIEc2VjA3luX3BhZ2luYXRlX3N1bW1hcnlfbGlzdARzbGsDY3ViYXRvZmluYWxs

No comments: