Latin America World Politics

Cuba Enacts Sweeping Free-Market Economic Reforms

Cuba Enacts Sweeping Free-Market Economic Reforms

The Communist Party-backed legislation opens key sectors to private investment and loosens state controls.

President Miguel Díaz-Canel framed the changes as urgent to alleviate chronic shortages and blackouts.

The United States has tightened its embargo, pushing the island into its worst crisis since the Cold War.

Some Cubans remain skeptical, noting that the changes come with continued political repression.

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Cuba
Sovereign state situated on an island in the Caribbean Sea
Communist Party of Cuba
Communist party in Cuba
National Gallery of Art
National art museum in Washington, D.C.