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