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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.

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