Cuban government to unveil revised economic reform plan

11:43, May 08, 2011      

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The Cuban government said Saturday it will soon release the new version of the economic reform plan promoted by President Raul Castro to "upgrade" the country's socialist economic model.

The economic reform plan was amended and approved in April at the Sixth Congress of the Communist Party of Cuba.

The official daily Granma said Saturday the plan, entitled the "Guidelines of the Economic and Social Policy of the Party and the Revolution," will be published on Monday.

"From Monday on will be sold a 48-page tabloid with summary information on the study of each guideline and the reason for the changes, based on the results of the extensive public debates," Granma added.

Over 8 million Cubans took part in more than 163,000 meetings to discuss the unprecedented reform plan, said Castro in a report to the April party congress.

Castro said that all the amendments proposed in the popular discussions were reviewed without exception, which allowed to swell the text discussed by the party delegates to the congress.

Castro seeks to "upgrade" the economic model of the island state while ensuring the "irreversibility" of socialism, in face of an acute crisis Cuba has suffered since the collapse of the Soviet bloc.

The reform measures include an expansion of private employment, cuts in the bloated public sectors, more autonomy to the management of state enterprises and an elimination of unnecessary social subsidies, and an increase of foreign investments in key sectors like tourism.

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