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Economics2h 55m ago

Cuban President Miguel Díaz-Canel on Friday announced a package of economic reforms aimed at attracting investment, expanding participation by Cubans living abroad in the economy and decentralizing parts of the country’s administration.

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HAVANA

Who
Cuban President Miguel Díaz-Canel
What
Cuban President Miguel Díaz-Canel on Friday announced a package of economic reforms aimed at attracting investment, expanding participation by Cubans living abroad in the economy and decentralizing parts of the country’s administration.
When
Fri, 12 Jun 2026 18:53:37 GMT · 2h 55m ago
Where
HAVANA ·
Why
The announcement comes amid a severe economic crisis with power outages and shortages.
The Frontline Impact

How this affects you

The proposed reforms are intended to address Cuba's economic crisis, which has been exacerbated by tightened U.S. oil supply restrictions and an energy embargo, potentially easing shortages and attracting foreign investment.

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