Cuba Bets on Market Reforms in Unprecedented Emergency Package
TL;DR
Cuba's Communist Party approved an emergency package with unprecedented free-market measures to expand private enterprise, permit private banks, enable private real estate development and private-sector shares in state firms, and attract foreign investment (including from Cubans abroad), signaling a major economic shift amid intensified U.S. pressure and EU sanctions; President Diaz-Canel acknowledged domestic obstacles but said reforms cannot be postponed, with Raul Castro backing the plan despite expected hardline opposition.
Topics:nationbusiness-and-economy#business-and-economy#cuba#economy#foreign-investment#free-market-reforms#private-enterprise
- Cuba’s Communist Party approves opening economy in unprecedented move Al Jazeera
- Cuban PM floats sweeping reforms to privatize vast swath of economy CBC
- Cuba approves sweeping economic reforms amid deepening crisis Anadolu Ajansı
- Cuba's President Miguel Díaz-Canel admits 'urgent changes' needed to overcome crisis Euronews
- Cuba rushes to pass Chinese-style reforms in last-ditch effort to survive U.S. pressure Miami Herald
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