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Cuba eyes ‘reforms’ with new role for economy chief
Cuban President Raul Castro (left) talking with First Vice Presidente Miguel Diaz Canel during the First Annual Session of the Cuban Parliament, on July 8, at Convention Palace in Havana.<strong>Photo: AFP</strong>
Business
July 13, 2016

Cuba eyes ‘reforms’ with new role for economy chief

HAVANA, Cuba (AFP) — Cuba announced Wednesday it was reshuffling leadership at its economy ministry so its current chief could focus on making reforms.

Economic Minister Marino Murillo, 55, has been in the post since 2014 and implemented some small changes away from the top-down, Soviet-style economy that the country’s had for more than five decades.

Notably, the ranks of state workers have been reduced, as thousands of Cubans try out jobs on a longer list of legal self-employment opportunities under President Raul Castro.

However, the changes have not had broad impact. Most people still work for the state, oxen still plough fields, and food production is spotty.

Cash-strapped Cuba is unable to get credit from international markets, and needs to restructure its international debt.

The Council of State said it was putting Vice President Ricardo Cabrisas, 79, at the Economy Ministry’s helm, so Murillo could “focus on work related to updating the Cuban social and economic model (economic reforms).”

Cuba has been hard hit by the inability of Venezuela, its key political ally in the region, to provide crucial economic support.

Venezuela’s oil-dependent economy is in crisis due to the low price of crude as well as management issues.

The United States and Cuba restored diplomatic ties in July 2015, but most US economic sanctions on Havana have not been removed by the Republican-run US Congress.

Young Cuban American Maggie Sivit, left, looks at a youth jump into the ocean from Havana&rsquo;s waterfront in Cuba. Sivit was brought to the island by CubaOne, a new programme inspired by the reestablishment of diplomatic and business ties between the US and Cuba.<strong>Photo: AP</strong>

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