Hardest part of reform lies ahead, says Cuban daily

Image
IANS
Last Updated : Apr 19 2013 | 4:07 PM IST

Havana, April 17 (IANS/EFE) The most complex and important parts of the reform plan launched in Cuba to update its socialist economic model are yet to come, Communist Party daily Granma said Tuesday.

"Despite the results, we're not satisfied. The tasks that remain ahead of us will be the most complex, the ones with the most importance and impact," Granma emphasized in an editorial.

The official daily devoted a whole page to an analysis of the agreements reached at the 6th Communist Party Congress of April 2011, where the economic plan undertaken by President Raul Castro as an instrument for "updating" Cuban socialism was ratified.

The package includes expanding the scope for self-employment and small businesses, among other measures.

The updating of the model also includes slashing public payrolls, more autonomy for the management of state-run companies and the elimination of "unnecessary" social subsidies.

"The country has moved in these 24 months to the rhythm of the demands coming from those accords," Granma wrote.

The daily emphasized that what was agreed to has not become a "dead letter" and mentioned advances in the revising and modifying of several laws, restructuring state ministries and administrative entities and changes in banking policy.

Other measures have been connected with tax and immigration reform and the authorization of private buying and selling of automobiles and homes.

--IANS/EFE

rd

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 17 2013 | 11:37 AM IST

Next Story