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Cuba's lawmakers examine faltering economy

Cuban President Raul Castro gestures during a meeting in Havana on June 24, 2014Cuba’s parliament opened its twice-yearly session on Saturday, with the communist island’s faltering economy topping the agenda. President Raul Castro was due to address the proceedings of the National Assembly, which plans to examine why one of the world’s last command economies has not experienced greater growth, despite six years of reforms. Agriculture Minister Gustavo Rodriguez told a parliamentary committee that farming is experiencing “problems in all spheres” on the island, which will spend some $2 billion in precious hard currency on imported food. Cuba’s economy in 2013 grew by 2.7 percent, below the official target of 3.6 percent.

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