“The regulations ruling the new credit policy and other banking services will enter into force on December 20, aimed primarily at stimulating domestic production, which could generate incomes of foreign currency or replace imports.”-Cuban government statement

In July the Cuban banking sector started granting small loans to farmers, but in December much bigger loans will be made available.  The move is meant to increase local food production and decrease reliance on imported food.

The plan is part of more than 300 proposals adopted at the Sixth Congress of the Cuban Communist Party in April.  Cuba’s current leader, Raul Castro, is pushing to update the Cuban economic model.