Arab Today, arab today cuban banks offer loans to support agriculture private sector
Last Updated : GMT 16:26:21
Arab Today, arab today
Arab Today, arab today

Cuban banks offer loans to support agriculture, private sector

Arab Today, arab today

Arab Today, arab today Cuban banks offer loans to support agriculture, private sector

Havana - Xinhua

Cuban banks started Tuesday granting loans to individuals, as part of the new credit policy promoted by the government of President Raul Castro to support the country\'s private businesses and agricultural production. Under the new rules, farmers and those working in the growing private sector are more likely to get a loan from the banking system. The new regulations also allow the state companies to form business relations with private producers without financial restrictions. About 500 bank branches throughout the country will adopt the new policy. Each bank will establish a credit commission to analyze the risk for each loan application so as to guarantee the repayment of the loan and the licit income of the applicant. The banks will also provide financial advice for citizens. \"We have noticed that people have plenty of doubts and questions on the new credit system, the fees to pay and the contracts,\" said Alari Martinez, president of the Cuban Popular Saving Bank. Cuban authorities have adopted the new loan policy, described as a \"unprecedented\" move by the official media, to speed up the reform. The reform agenda is discussed Tuesday by the Cuban People\'s Power National Assembly. About 400 members, divided into 12 permanent work commissions, gathered at the Convention Palace for an earlier meeting before the regular sessions on Friday. A key issue in the debate is the development of private businesses in the country, one of the most important measures taken by Castro\'s government to update the country\'s economic model. The government cut half a million jobs from the bloated state companies, and the livelihood of dismissed workers has become a priority for the government. Agricultural production, as \"a matter of national security,\" is also put on the agenda, since the country spends about 2 billion U.S. dollars every year on food imports. The government is planning to deliver the country\'s idle land to farmers and to figure out new ways to pay the farmers, aiming at increasing domestic agricultural production and reducing food imports. The reform agenda also includes the opening to foreign investment in key economic sectors including oil, mining, energy and tourism.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cuban banks offer loans to support agriculture private sector Arab Today, arab today cuban banks offer loans to support agriculture private sector

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday