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Economics12h 5m ago
Cuba’s Communist Party has approved an emergency economic package featuring unprecedented free-market measures to open up the struggling island’s economy.
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Cuba
Who
Cuba’s Communist Party, Cuban President Miguel Díaz-Canel, other officials
What
Cuba’s Communist Party has approved an emergency economic package featuring unprecedented free-market measures to open up the struggling island’s economy.
When
Thu, 18 Jun 2026 22:33:13 GMT · 12h 5m ago
Where
Cuba ·
Why
to open up the struggling island’s economy following heightened pressure from the United States.
The Frontline Impact
How this affects you
The reforms will decentralize Cuba's state-run economy, allowing municipalities and state-owned companies greater autonomy, and phasing out subsidies to move goods to market pricing.
Story chain
3 events in this thread- Economics11h 19m agoCuba's prime minister on Thursday presented lawmakers with sweeping reforms backed by the Communist Party and former leader Raúl Castro that would privatize a vast swath of its socialist economy.Open article
- Currently Reading12h 5m agoCuba’s Communist Party has approved an emergency economic package featuring unprecedented free-market measures to open up the struggling island’s economy.
- Economics13h 11m agoCuba’s Communist Party approved an emergency economic package including free-market measures to expand private enterprise and attract foreign investment.Open article