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Economics10h 3m ago

Cuba'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.

Cuba

Who
Cuban Prime Minister Manuel Marrero, Communist Party, former leader Raúl Castro, Cuban lawmakers
What
Cuba'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.
When
Thu, 18 Jun 2026 23:20:00 GMT · 10h 3m ago
Where
Cuba ·
Why
in a bid to survive punishing U.S. sanctions.
The Frontline Impact

How this affects you

The measures would represent the single largest change to Cuba's socialist model since the 1959 revolution, shifting toward a market economy by allowing private real estate development, transforming state-owned businesses, and permitting private banks.

Story chain

3 events in this thread
  1. Currently Reading10h 3m ago
    Cuba'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.
  2. Economics10h 50m ago
    Cuba’s Communist Party has approved an emergency economic package featuring unprecedented free-market measures to open up the struggling island’s economy.
    Open article
  3. Economics11h 55m ago
    Cuba’s Communist Party approved an emergency economic package including free-market measures to expand private enterprise and attract foreign investment.
    Open article

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