Six-Years Later: Raul's Signature "Reform" Fails

Tuesday, March 4, 2014
Our translation from AFP:

Agriculture, which Cuban leader Raul Castro had declared the centerpiece of his economic reforms six years ago, remains stalled due to lack of investment and other issues, while the millions in food imports continue to pose a fiscal drain.

The Ministry of Agriculture notes that the major pitfalls in Cuban farming are financial, even though there also exist "deficiencies" in the investment process, like badly executed projects and the misuse of technologies, according to the state daily Granma.

[The 2013 Report] revealed that "86 companies (agricultural, 21% of the total) closed with losses, which total more than $210 million."