No more free lunch in Raul Castro's Cuba [View All]

[Zorro]

Source: AFP

President Raul Castro is taking a bold gamble to ease communist Cuba's cash crunch by eliminating a costly government lunch program that feeds almost a third of the nation's population every workday.

The Americas' only one-party communist government, held afloat largely by support from its key ally Venezuela, is desperate to improve its budget outlook; the global economy is slack, and Havana is very hard pressed to secure international financing.

Raul Castro, 76, officially took over as Cuba's president in February 2008 after his brother, revolutionary icon Fidel Castro, stepped aside with health problems.

Though some wondered if Raul Castro would try to move Cuba's centralized economy toward more market elements, so far he has sought to boost efficiency and cut corruption and waste without reshaping the economic system.

Read more: http://news.yahoo.com/s/afp/20090927/ts_afp/cubapoliticseconomy_20090927182154