HAVANA TIMES — The Central Bank of Cuba granted 133,000 loans so far this year, given out primarily for the purchase of building materials and payments for labor, reported the Prensa Latina news agency.
“Although some people were dissatisfied, credit policy is going well and being implemented favorably, but we must continue to improve it,” said Ernesto Medina, the minister-president of the BCC, without specifying the difficulties.
The Cuban government has instructed banks to be “more proactive” in financing self-employed workers and other non-state forms of management, said the official in an interview with the Granma newspaper.
In addition, some standards were relaxed for what constitutes a guarantee, such as those concerning co-signers and savings accounts, said Medina.
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