HAVANA TIMES, Dec 19 — Starting tomorrow, December 20, new regulations will come into force pertaining to Cuban credit policy and other banking services, according to a note today in the Granma newspaper.
Decree-Law 289, three additional resolutions by the Central Bank of Cuba and an instruction from the Ministry of Economy and Planning, aim to increase and diversify the supply of credit to individuals.
Those prioritized will be self-employed workers, farmers and those people seeking to build or repair their homes by their own means.
For the granting of loans, which are always given in regular Cuban pesos, national banks have authorized such operations for nearly 500 branches throughout the country.
The amount of funding available for the new loan program has not been announced.