The Executive Committee approved the program for bank restructuring last week.

President Miguel Díaz-Canel chaired this week's Council of Ministers Executive Committee Meeting, conducted by Prime Minister Manuel Marrero, local television reported.

Havana, Cuba.- One of the main issues discussed at the meeting was the ongoing bank restructuring process, which is a necessary modern strategy to benefit most of the population.

The Executive Committee, which is responsible for the decisions assigned to it among meetings of the Council of Ministers, approved the program for bank restructuring last week, which consists of a series of measures to promote the use of electronic payment and collection channels in the national territory gradually.

Upon analyzing the concerns about these measures, Díaz-Canel recommended informing citizens more and better and responding to the concerns and doubts of the population and the economic actors.

During the meeting, held via video conference, Joaquin Alonso, minister-president of the Central Bank of Cuba (BCC), explained the status of the implementation of these measures; and reported on upcoming meetings to be held with economists, academics, and other experts to exchange on these aspects.

Alonso informed the banking network, where the training process is progressing, works normally, according to its flows. The challenge is to improve the service, which will not be achieved if there are still long queues at the banks.

The meeting also addressed issues related to food production, distribution of the regulated family basket, freight and passenger transportation, water supply, and power generation, among other matters. (PL)