Cuban legislators have overwhelmingly approved significant economic reforms designed to address the country’s ongoing financial difficulties, largely attributed to U.S. sanctions. The changes, supported by the Communist Party and former leader Raul Castro, will allow for increased privatization across various sectors of the socialist economy. This move represents a substantial departure from decades of state control, aiming to stimulate growth and improve living conditions. The reforms are intended to bolster Cuba’s resilience against the intensifying economic pressure from Washington. Details of the specific privatizations were not immediately released, but the unanimous vote signals strong political backing for the initiative. The government hopes these changes will attract investment and alleviate shortages of goods and services. This represents one of the most significant economic overhauls in Cuba since the 1990s.
