Former Cuban President Raúl Castro has publicly supported significant economic reforms aimed at addressing the island nation’s deepening economic crisis. The proposed changes seek to stimulate growth by broadening private investment opportunities and encouraging financial contributions from Cuban expatriates. Key aspects of the plan involve a reduced role for state-controlled enterprises, opening avenues for greater private sector participation. Lawmakers are anticipated to approve the reforms this week, signaling a potential shift in Cuba’s economic model. These measures are being implemented despite the ongoing, decades-long US embargo, which the Cuban government attributes as a major factor in its economic difficulties. The reforms represent a notable endorsement from Castro, who initiated some market-oriented changes during his presidency. The government hopes these steps will attract much-needed capital and revitalize the struggling Cuban economy.