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O Estado De S.Paulo reports Brazil’s President Lula da Silva will offer Cuba $1 billion dollars in credits to finance the purchase of aliments, housing construction, and exploration of nickel as well as other projects, affirm Brazilian diplomats. 

[Photo: Reuters — Cuban interim-President Raul Castro and Brazilian President Lula da Silva review FAR Honor Guards.]

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News round up

Brazil plans to offer $500 million in financing to Cuba.  Brazilian President Luiz Inacio Lula da Silva will be in Havana today, reports Valor Economico.  Lula is expected to announce agreements allowing Petroleo Brasileiro SA to explore oil in areas in the Gulf of Mexico that are controlled by Cuba, where Petrobras will build a lubricant factory.

Commentary on a new No. 2 in Cuba.

Carlos Lage, who has gained importance as a political actor in Cuba’s hierachy, evaluates housing construction in Villa Clara.

Cuban Government further lowers housing construction goals.

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