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Economics15h 25m ago
Cuban lawmakers unanimously approved more than 175 sweeping reforms to privatize a vast swath of the country's socialist economy, including private real estate development, transforming state-owned businesses, and allowing private banks.
Cuba
Who
Cuban lawmakers, Cuban Prime Minister Manuel Marrero, Cuban President Miguel Diaz-Canel, Communist Party, Raul Castro
What
Cuban lawmakers unanimously approved more than 175 sweeping reforms to privatize a vast swath of the country's socialist economy, including private real estate development, transforming state-owned businesses, and allowing private banks.
When
Thu, 18 Jun 2026 18:00:00 GMT · 15h 25m ago
Where
Cuba ·
Why
The reforms are proposed to confront an economic crisis and are backed by the Communist Party and former leader Raul Castro.
The Frontline Impact
How this affects you
If implemented, these measures would represent the largest change to Cuba's socialist model since 1959, potentially altering the country's economic structure and foreign investment landscape.
Story chain
1 event in this threadNo related history yet - this is the origin event.
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