• Submitted by: manso
• Politics and Government
• 11 / 15 / 2010

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EFE -. Havana, Nov 15 (EFE) .- Cuba's government admits there are things not working under state control and that it will be necessary to amend several laws to implement the plan  as to " update"  the economic model, Granma Daily reported today.

A document containing the general plan of the Government of Raúl Castro for the reorganization of the economic model as to overcome the serious economic situation prevailing through decades has been discussed during a seminar.

One of the concerns expressed and cited by Granma Daily said, there were measures to establish cooperatives in several fields beyond agriculture.

According to Marino Murillo, Minister of Economy and Planning, cooperatives will fit in the small industry or services sector . He also explained that Cuban law does not recognize these possibilities such as as the updating the economic model thus impliying the amendment of  several laws.

Granma also reported that during the seminar President Raul Castro said that there is no choice but to appply this plan of economic adjustments and that "the ideas of Fidel Castro are present in each of the guidelines proposed."

Another of the issues discussed was the merging of currencies in Cuba, since two currencies circulate on the island nation now: Cuban convertible pesos (CUC), equivalent to $ 1.08, and the national peso, with 24 times less than the first value in which nearly all Cubans are paid.

According to Minister of Economy, "avoiding the dual currency alone will not solve the current problems faced, this should be made with efficiency to the real economy, "said Murillo.

Cuban leaders are also worried about the liquidation of state enterprises that have suffered repeated losses, the head of Economy said that "it is impossible to keep a company for ten years with losses at the state’s expense.

With the celebration of this seminar, Cuba has opened the debate on the economic adjustment plan designed by the Government of Raul Castro to be submitted for approval by the Communist Party of Cuba in its Sixth Congress, to be held in the second half of April, 2011.  

Source: www.google.com/hostednews/epa/article/