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Tuesday, 19 April 2011 - Cuban communists approve landmark econ reforms |
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    Edition: U.S. Article Comments (0) Full Focus Editor's choice A selection of our top photos from the past 48 hours.   Full Article  Follow Reuters Facebook Twitter RSS YouTube Read Tennessee investigator makes plea for help in Bobo case 18 Apr 2011 Kanye West saves day, reputation at Coachella 18 Apr 2011 Japan ministers confident in Treasuries after S&P move 18 Apr 2011 UPDATE 3-White House, Congress under pressure from S&P move 18 Apr 2011 Apple sues Samsung over Galaxy products 18 Apr 2011 Discussed 88 Palin returns with feisty, anti-establishment speech 83 Obama to lay out deficit plan with focus on tax, spending 74 UPDATE 1-Geithner says Congress will pass debt limit increase Watched South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Cupless bra combats cleavage crinkle Fri, Apr 15 2011 VW unveils new sporty Beetle Mon, Apr 18 2011 Cuban communists approve landmark econ reforms Tweet Share this By Jeff Franks HAVANA (Reuters) - Cuba's Communist Party approved landmark economic reforms on Monday and voted for new leaders in a key party congress to chart Cuba's future, state-run media reported. The Caribbean island's highest political body... Email Print Related News White House, Congress under pressure from S&P move Mon, Apr 18 2011 Cuba congress embraces, refines Raul Castro reforms Mon, Apr 18 2011 Most Japan voters want new PM, approve quake tax Mon, Apr 18 2011 Syria's Assad vows to lift emergency law by next week Sat, Apr 16 2011 Cuba stages military parade ahead of key congress Sat, Apr 16 2011 Analysis & Opinion Geithner vs. Ryan on S&P’s debt warning Default, debt ceilings and democracy Related Topics World » Cuba » Delegates attend the opening session of the sixth congress of the Cuban Communist Party (PCC) in Havana April 16, 2011. Credit: Reuters/Desmond Boylan By Jeff Franks HAVANA | Mon Apr 18, 2011 9:19pm EDT HAVANA (Reuters) - Cuba's Communist Party approved landmark economic reforms on Monday and voted for new leaders in a key party congress to chart Cuba's future, state-run media reported. The Caribbean island's highest political body selected new First and Second Secretaries, its Central Committee and powerful Political Bureau, but the results would not be disclosed until Tuesday's closing session, Cuban television said. The reforms represent the biggest changes to Cuba's struggling, Soviet-style economy in decades and are aimed at securing the future of socialism in one of the world's last communist states. The congress' approval had been widely expected because some of the reforms, such as allowing more self-employment and leasing of state land to private farmers, are already in place. The reforms include slashing more than a million government jobs over the next few years, cutting subsidies, encouraging more private initiative, giving more autonomy to state companies, encouraging more foreign investment and reducing state spending. Under President Raul Castro's plan, which included more than 300 reforms, one of the trademark features of the paternalistic socialist system -- the universal monthly food ration -- will be gradually phased out for those who do not need it. Castro said on Saturday the ration given all Cubans since 1963 had become an "unsupportable burden" for the cash-short government trying to rationalize its finances. Cuba spends heavily on food imports, but hopes to increase food production by decentralizing agriculture and increasing the role of private farmers. The reforms also include a widely hoped-for call for allowing Cubans to buy and sell homes for the first time in many years, although it remains to be seen whether restrictive regulations will accompany the change. There is home ownership in Cuba, but at present houses can only be swapped, not sold, although under-the-table payments often are involved. While President Castro wants to ease the state's grip on the economy, the reforms will not make it disappear. They call for a planned economy and keeping the country's principal means of production in state hands. In the party leadership vote, President Castro was expected to replace older brother Fidel Castro as First Secretary, but the other posts will be closely watched for up-and-coming new party bosses to replace aging leaders. The leadership issue has overshadowed the reforms since Raul Castro said in a speech on Saturday the government was considering limiting future leaders, including himself, to two five-year terms. AGING LEADERSHIP After taking power in the 1959 revolution he led, Fidel Castro, 84, ruled for 49 years before resigning the presidency in 2008. Raul Castro, 79, was his defense minister for all that time and replaced him as president. 1 2 Next World Cuba Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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