CUBA INSIGHT

The Cuban Studies Institute Publications

BANCO DE FOMENTO AGRÍCOLA E INDUSTRIAL DE CUBA (BANFAIC)

The Agricultural and Industrial Development Bank was set up in December 1950 with a capital of $10,000,000 as an autonomous state institution to create and maintain the necessary financial facilities that would provide small farmers and industrialists with credit, mainly medium and long-term loans.  These it apportioned equally between the agricultural and industrial sectors.   BANFAIC operated successfully until the Revolution of 1959 changed Cuba’s economic framework.

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CHECK MATE ISRAEL?

* By Jaime Suchlicki As the smoke of Hamas’ unprovoked brutal attack against Israel on October 7 begins to dissipate, a new

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