Published • loading... • Updated
Raul Castro backs sweeping Cuba reforms to revive struggling economy
The package would let private firms expand and allow Cubans abroad to invest, as state companies gain more autonomy and ministries could be cut.
- On Wednesday, the Communist Party of Cuba convened an extraordinary plenary session to debate an economic reform package aimed at opening up the struggling island's economy.
- The island grapples with a deepening economic crisis intensified by an energy blockade enacted under President Donald Trump, which continues to disproportionately affect the most vulnerable.
- President Miguel noted that parliament is considering a law to downsize the state, slashing the number of ministries from 27 to 20 while expanding authorizations for private companies first legalized five years ago.
- In a surprise move, the National Assembly was convened for Thursday to follow up on the party meeting and address the island's economic model.
- Reforms will allow Cubans living on the island and abroad to invest in tourism, potentially addressing severe shortages of water and medicine affecting nearly 10 million residents.
Insights by Ground AI
Podcasts & Opinions
91 Articles
91 Articles
McDonald's in Cuba? The Caribbean state wants to open up the real estate market, gas stations and banks to foreign capital. Fast food chains are also welcome. The aim is to preserve socialism, it says.
Cuba's parliament approves biggest reforms since Castro's revolution in an attempt to survive pressure from the United States.
·Copenhagen, Denmark
Read Full Article
President Miguel Díaz-Canel has defended that the changes are '"impossible" even if there is no "absolute consensus."More information: The President of Cuba announces economic reforms and liberalization in full asphyxiation of the United States: "We must change"
·Spain
Read Full Article
Father's Day SaleGet 40% off Vantage subscriptions for yourself or a friend.Get Started
Coverage Details
Total News Sources91
Leaning Left14Leaning Right15Center19Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 29%
C 40%
R 31%
Factuality
To view factuality data please Upgrade to Premium
