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Cuba to bolster industrial sector with foreign financing

Xinhua, July 31, 2016 Adjust font size:

Cuba's Ministry of Industries will launch a program to bolster the country's industrial sector, the Cuban News Agency (ACN) reported on Saturday.

The "project aims to strengthen institutional capacities, to establish an industrial policy in Cuba for the coming years," the agency said.

Gilma Noronoa, lead specialist in industrial development at the ministry, told the agency the program will "revive" national industries, which suffer from "a high degree of technological obsolescence and low use of installed capacities."

Foreign financing will make it possible for Cuba to purchase the modern equipment it needs to process information on the industrial sector, she said.

Various government bodies are involved in the effort, including the national statistics agency (ONEI), and the ministries of the Economy and Planning, Finance and Prices, and Science, Technology and the Environment, among others. Enditem