403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Cuba Announces Broad Economic Reforms to Reduce Bureaucracy, Boost Growth
(MENAFN) Cuban President Miguel Díaz-Canel has unveiled a wide-ranging set of economic reforms aimed at revitalizing the country’s economy, cutting bureaucratic controls, and increasing autonomy across different sectors of society, according to remarks made on Saturday.
Speaking on state television, Díaz-Canel said the measures were not a response to external pressure from Washington, but rather part of an internal effort to strengthen Cuba’s economic system.
“The country is not standing still. The country is intelligently confronting all of these circumstances. We cannot express everything we do so openly because the enemy is watching every step we take. Our response must be unity and solidarity,” he said.
He added that the reform package will be submitted in the coming weeks to the Political Bureau of the Cuban Communist Party, one of the country’s top decision-making bodies, before being debated in the National Assembly of People’s Power.
The proposed changes include expanding flexibility for agricultural producers, removing the requirement for state companies to act as intermediaries in foreign trade, and lifting restrictions on vehicle imports, in an effort to stimulate economic activity and reduce centralization.
Speaking on state television, Díaz-Canel said the measures were not a response to external pressure from Washington, but rather part of an internal effort to strengthen Cuba’s economic system.
“The country is not standing still. The country is intelligently confronting all of these circumstances. We cannot express everything we do so openly because the enemy is watching every step we take. Our response must be unity and solidarity,” he said.
He added that the reform package will be submitted in the coming weeks to the Political Bureau of the Cuban Communist Party, one of the country’s top decision-making bodies, before being debated in the National Assembly of People’s Power.
The proposed changes include expanding flexibility for agricultural producers, removing the requirement for state companies to act as intermediaries in foreign trade, and lifting restrictions on vehicle imports, in an effort to stimulate economic activity and reduce centralization.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment