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Cuba pushes through sweeping free-market reforms in biggest economic shift since the revolution

CityNews Toronto
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Cuba's National Assembly gave unanimous approval to a landmark package of approximately 175–200 economic measures, representing the nation's most consequential economic restructuring since the 1959 revolution. The reforms expand opportunities for private enterprise, including banking and foreign investment, fundamentally shifting Cuba away from state-controlled socialism. This dramatic policy reversal stems from acute shortages of fuel, food, and medicine alongside U.S. economic sanctions that have intensified the island's crisis.

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HAVANA (AP) — Observers on Friday called Cuba’s new free-market reforms the most sweeping economic overhaul of the island’s communist economy since the Cuban revolution, as the grandson of former President Raúl Castro said in an interview that Cuba must seek to move its economy forward.

The 176 measures aim to further decentralize Cuba’s state-run […] ...

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