Cuba Approves Sweeping Economic Reforms to Expand Private Sector and Attract Foreign Investment

The Cuban National Assembly has unanimously approved 176 economic reforms to address the severe supply and energy crisis gripping the nation.These measures introduce private banking and allow firms to grow beyond 100 employees as part of the largest shift since the 1959 revolution.President Miguel Díaz-Canel and Prime Minister Manuel Marrero stated that the plan is essential for preserving the socialist system against external economic pressures.The US administration is currently maintaining a dialogue with Havana regarding these structural changes while the trade embargo remains in effect.
19 Jun
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