Cuba approves unprecedented free-market reforms to stave off economic collapse
a day ago
- #Cuba
- #US-Cuba Relations
- #Economic Reforms
- Cuban lawmakers unanimously approved nearly 200 free-market reforms to address a severe economic crisis.
- Reforms include allowing foreign investors to operate without state joint ventures and permitting stakes in state companies.
- The U.S. oil blockade and internal issues like bureaucracy are cited as pressures forcing these historic changes.
- Cuban leadership insists reforms aim to preserve socialism, not due to U.S. pressure, despite critical shortages.
- Public reaction is mixed, with some seeing hope and others viewing reforms as insufficient amid ongoing hardships.