Cuba announces 176 free-market reforms amid US pressure
Cuba has unveiled nearly 200 free-market reforms aimed at rescuing its economy from a severe crisis worsened by a US oil blockade. Prime Minister Manuel Marrero detailed 176 measures to the National Assembly, reducing the state's role and attracting investment in banking, tourism, and agriculture. The reforms come as President Donald Trump openly considers taking over the island, located 145 km from Florida. Economist Daniel Torralbas called it the most profound economic reform program since the 1959 Revolution. The measures, endorsed by the communist party, were to be voted on Thursday.
Key facts
- Cuba unveiled nearly 200 free-market reforms on Thursday.
- Prime Minister Manuel Marrero detailed 176 measures to the National Assembly.
- Reforms aim to roll back the state's role and attract investment in banking, tourism, and agriculture.
- The crisis is aggravated by a US oil blockade.
- President Donald Trump muses openly about taking over Cuba.
- Cuba is located 145 km from Florida.
- Economist Daniel Torralbas called it the most profound economic reform since the 1959 Revolution.
- The measures were endorsed by the communist party and put to a vote.
Entities
Institutions
- National Assembly
- Agence France-Presse
- South China Morning Post
Locations
- Cuba
- United States
- Florida
- London
- United Kingdom