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Cuba's parliament approves 176 free-market reforms in historic economic shift

Andrea Rodríguez

14d ago· 4 min readenNews

politics business

Summary

Cuba's parliament has approved 176 free-market reforms aimed at decentralizing the state-run economy, which observers call the most sweeping economic overhaul since the Cuban revolution. The measures come as the economy struggles under a tightened U.S. embargo under President Donald Trump. The grandson of former President Raúl Castro stated in an interview that Cuba must move its economy forward. Currently, the government largely controls production, pricing, and resource allocation.

Source

bskyCuba's parliament approves 176 free-market reforms in historic economic shiftbit.ly

Key quotes

· 3 pulled

Observers on Friday called Cuba's new free-market reforms the most sweeping economic overhaul of the island's communist economy since the Cuban revolution

The grandson of former President Raúl Castro said in an interview that Cuba must seek to move its economy forward

The 176 measures aim to further decentralize Cuba's state-run economy, which has been left gasping by a tightened embargo under President Donald Trump

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Observers are calling Cuba’s new free-market reforms the most sweeping economic overhaul on the island’s communist economy since the Cuban revolution while the grandson of former President Raúl Castro says in an interview that Cuba must seek to move its e

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