ON
🔍
← Back to feed
HKCulture2 days ago

Cuba unveils historic package of free-market reforms

Cuba has announced nearly 200 free-market reforms intended to address economic challenges exacerbated by the U.S. oil embargo. The reforms include reducing the state's role in the economy and encouraging private investment across sectors like banking, tourism, and agriculture. The reforms were outlined by Prime Minister Manuel Marrero during a speech to the National Assembly and are described as the most significant economic changes since the 1959 revolution. The reforms have been endorsed by the Communist Party and are set to be approved by the National Assembly.

Cuba on Thursday unveiled nearly 200 historic free-market reforms aimed at rescuing the communist island from a severe crisis aggravated by a US oil blockade.

In a landmark speech to the National Assembly, Prime Minister Manuel Marrero detailed 176 measures aimed at rolling back the state’s role in the economy and attracting investment in everything from banking to tourism and agriculture.

These huge changes also come as the United States exerts strong pressure on Cuba aside from the oil blockade and US President Donald Trump muses openly about taking over the island just 145 km (90 miles) from Florida.

The measures are “the most profound economic reform programme” since the 1959 Revolution led by Fidel Castro, said Daniel Torralbas, a London-based Cuban economist.

“It represents a significant shift in the country’s economic development model,” he told Agence France-Presse.

The measures, which have been endorsed by the communist party, are to be put to a vote on Thursday in the National Assembly, seen as a rubber stamp for the regime.

Read the full article at South China Morning Post →
Source document: Speech by Prime Minister Manuel Marrero to the National Assembly

1 reports

South China Morning PostParty-alignedCenter2 days ago
Cuba unveils historic package of free-market reforms

Cuba has announced nearly 200 free-market reforms intended to address economic challenges exacerbated by the U.S. oil embargo. The reforms include reducing the state's role in the economy and encouraging private investment across sectors like banking, tourism, and agriculture. The reforms were outlined by Prime Minister Manuel Marrero during a speech to the National Assembly and are described as the most significant economic changes since the 1959 revolution. The reforms have been endorsed by the Communist Party and are set to be approved by the National Assembly.

Bias read (Center): The article presents the reforms as a significant economic shift without overtly favoring either pro-reform or anti-reform perspectives. It includes quotes from an external expert and mentions the Communist Party's endorsement while noting the National Assembly's role. There is no clear ideological傾

Official sources cited

  • government Speech by Prime Minister Manuel Marrero to the National Assembly
  • other Statement by Daniel Torralbas, London-based Cuban economist

Go to the primary sources (2)

The official sources this coverage is built on. Read them directly to bypass framing.

  • governmentSpeech by Prime Minister Manuel Marrero to the National Assembly
  • otherStatement by Daniel Torralbas, London-based Cuban economist