Cuba Plans $100 Million Fund to Aid Worker-Run Businesses
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Cuba’s communist government will set aside $100 million to help establish private cooperatives as President Raul Castro takes further steps to boost economic growth on the island.
Cooperatives with as many as five employees will be allowed to manage their own operations by the end of the year, a policy meant to loosen restrictions on basic services and increase productivity, Castro told the National Assembly yesterday. Agricultural cooperatives account for about half the 200 businesses selected, Marino Murillo, deputy chairman of the Council of Ministers, said.