Cuba’s socioeconomic strategy foresees a boost to small business

According to Cuban Deputy Prime Minister Alejandro Gil, they are working to establish a legal framework that grants those enterprises greater autonomy to contribute above all to local and territorial development.

The also head of Economy and Planning emphasized that the development of micro, small and medium-sized enterprises is complemented with the improvement of work in the non-state sector and with the transformations within the business system.

In this sense, he explained, the monetary system will play an essential role by eliminating the monetary and exchange duality, which constitute an obstacle to the development of the country, since they favor imports to the detriment of national production.

Precisely, this reorganization process seeks to increase business efficiency by stimulating exports and the consumption of local goods.


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