Cuba Announces Major Free-Market Reforms Aimed at Economic Revival
Cuba has unveiled a comprehensive set of nearly 200 free-market reforms designed to address the island’s ongoing economic crisis. The initiative comes as the United States continues to apply pressure on Cuba, including a recent US oil blockade. Prime Minister Manuel Marrero outlined a detailed plan in a landmark address to the National Assembly, which includes measures to reduce the state’s role in the economy and boost investment across sectors such as banking, tourism, and agriculture. These significant changes mark what Daniel Torralbas, a London-based Cuban economist, describes as “the most profound economic reform programme” since the 1959 Revolution. The reforms were endorsed by the communist party and will now be put to a vote in the National Assembly, a process that could become a key political turning point.
