FACTBOX: Cuban reforms under President Raul Castro

Sat Jul 26, 2008 9:32am EDT
 
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(Reuters) - President Raul Castro is expected to tell more about his plans to revitalize Cuba's state-run economy in his speech on Saturday marking the 55th anniversary of the Cuban revolution against U.S.-backed dictator Fulgencio Batista.

Following are some of the reforms he has implemented since formally taking office on February 24.

* Provided additional land for cultivation to private farmers and cooperatives and is offering them credits to get farm equipment as part of an effort to increase food production

* Allowed Cubans for the first time to buy cell phones, computers and other electronics

* Allowed Cubans to stay in tourist hotels that since the 1990s have been reserved for foreigners

* Eliminated salary limits, with aim of providing incentive for better workers to make more money, thus contributing to overall productivity

* Raised by up to 20 percent the amount paid to retirees, with a maximum of 400 pesos, or $18, per month

* Granted new licenses to private taxis, a practice suspended for years, with the aim of improving public transportation

(Reporting by Rosa Tania Valdes, Editing by Jeff Franks in Havana)

 

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