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Latin America

dipsydoodle

(42,239 posts) Sat Dec 28, 2013, 07:26 PM Dec 2013

3

Cuba eases restrictions on loans to small businesses [View all]

The Cuban government has eased restrictions on loans to private borrowers in the latest measure aimed at boosting the island's troubled economy.

Individuals and small businesses can now borrow smaller amounts and have more time to pay back the government.

President Raul Castro had launched the programme two years ago as part of measures to reform Cuban socialism.

The minimum lending has been reduced from 3,000 to 1,000 pesos ($41; £67).

http://www.bbc.co.uk/news/world-latin-america-25538564

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Cuba eases restrictions on loans to small businesses [View all] dipsydoodle Dec 2013 OP

I'm glad to hear that after 50 years they're figuring out how wealth is created. Flatulo Dec 2013 #1

Interesting seeing how their system will evolve, isn't it? Thanks. n/t Judi Lynn Dec 2013 #2

Yes, evidently into a more capitalist one Marksman_91 Dec 2013 #3

Perhaps Cuba can get more building supplies and carpenters with capitalism FrodosPet Dec 2013 #4

Heh, I remember, on DU2.0... joshcryer Dec 2013 #5

it worked pretty well for the Castros though Bacchus4.0 Dec 2013 #6

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