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Zorro

(15,751 posts)
Tue Jul 9, 2013, 11:05 PM Jul 2013

Cuba economy czar: Reforms entering critical phase

Communist-led Cuba's experiment with limited capitalism is entering a crucial and transformative phase this year with the decentralization of bloated state-run businesses, the island's economic czar said Tuesday.

Marino Murillo said the goal is to improve efficiency of those businesses and let the successful ones keep more of their profits.

Murillo said the next 18 months will be the "most complex" part of President Raul Castro's reform program, which has already seen limited openings to private entrepreneurship and a relaxation of many social restrictions.

"The first stage of the reforms has so far, fundamentally, been the elimination of prohibitions in society," Murillo said in just his second face-to-face encounter with foreign journalists since he rose to prominence three years ago.

http://news.yahoo.com/cuba-economy-czar-reforms-entering-critical-phase-163810483.html

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