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Tuesday, 24 July 2012

Cuba's coming Cooperative economy 2

Following on from my post a few days ago. This morning the Washington  Post has this:
"Cuba economy czar: 222 experimental non-state cooperatives to be launched by year’s end"

According to the paper, Marino Murillo the minister overseeing Cuba's 'updating of its economic model' told the Parliament (pictured) that some of the new coops will be converted state-run enterprises, and they will be given preference over private single-owner businesses. “For these cooperatives and the non-state entities, in the coming year $100 million is being budgeted which is the financing necessary so they can be assured production, because if we create them and there is no financing, they won’t work,” he is quoted as saying.

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