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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 government approved roughly 175–200 economic policy measures aimed at reversing severe economic decline linked to a US oil embargo. The reforms substantially curtail state control across banking, real estate, tourism, and agriculture while enabling foreign investment—a historic transformation for the communist nation's economic framework. Officials characterized the package as necessary to stabilize an economy strained by severe energy shortages and material deterioration since the embargo's imposition.

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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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