Marino Murillo Jorge returns to his previous position. The government vice-president responsible for the changes in Cuban socialist system returns to the Ministry of Economy and Planning, which he left in 2011 to “concentrate” his efforts in monitoring changes in the economic model of the country.<\/p>\n
The decision meets the need to “harmonize and integrate to a higher level the process of updating the economic model and planning as principle of conducting the national economy,” the government official note, read on national television at night September 25th, says.<\/p>\n
The information states that Cuba “delves into the most complex and deepest issues” of the economic reform initiated in 2011. In the past, the first vice president Miguel D\u00edaz-Canel described monetary unification and the granting of greater autonomy to enterprises as “the most complicated issue” of the update process in the nation.<\/p>\n
According to the website of the Cuban government, the Ministry of Economy and Planning is the body responsible for directing, executing and controlling the implementation of the economic policy as well as the planning tasks.<\/p>\n
Murillo replaces in that Ministry Adel Yzquierdo, who happens to be first vice-minister of the sector, position he held prior to his appointment as minister on March 2011. From that year, Cuban economic downturn worsened up to register a growth of only 0.6 percent in the first half of 2014.<\/p>\n
The economist Oscar Fern\u00e1ndez Estrada, from University of Havana, commented that “what is known in Cuba as planning is, at present, rather than an effective or efficient mechanism of resource allocation, one of the main obstacles to growth.\u201d<\/p>\n
Hiram Marquetti, belonging to the Center for the Study of Public Administration, said that the country has persisted for some time in applying measures to restrict spending. “These restrictive policies are manifested most strongly in planning and resources allocation.”<\/p>\n
“With the plan there have also been implemented homogenizing measures, which do not support effectively or promptly those activities that really foster the economic activity,” Marquetti told.<\/p>\n
The Cuban government expects for the end of the year an expansion of the economy of 1.4 per cent, six tenths lower than expected. In early 2014, the now Minister Murillo defended the expansion of foreign investment as the best way to stimulate economic growth in Cuba.<\/p>\n","protected":false},"excerpt":{"rendered":"
Marino Murillo Jorge returns to his previous position. The government vice-president responsible for the changes in Cuban socialist system returns to the Ministry of Economy and Planning, which he left in 2011 to “concentrate” his efforts in monitoring changes in the economic model of the country. The decision meets the need to “harmonize and integrate […]<\/p>\n","protected":false},"author":3001,"featured_media":35347,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13904],"tags":[],"ppma_author":[33707,6938],"class_list":["post-35366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuban-economy"],"acf":[],"yoast_head":"\n