PM Marrero outlined 176 reforms aimed at expanding the private sector, including allowing private real estate development, authorising private banks and transforming state-owned enterprises into commercial entities with equity stakes.

Cuba turns capitalist? PM Manuel Marrero unveils biggest ever free market reforms amid US pressure

Cuba’s government has announced a new set of economic reforms aimed at attracting foreign capital, marking a notable shift in its traditionally state-controlled economic model. The reforms are expected to open select sectors to international investors as the country seeks to boost growth amid long-standing financial pressures. The move signals a cautious but significant step toward economic liberalisation in the Caribbean nation.

Cuba’s Communist Government Announces Reforms Inviting Foreign Capital

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cuba economic-reforms

Cuba turns capitalist? PM Manuel Marrero unveils biggest ever free market reforms amid US pressure

Cuba’s Communist Government Announces Reforms Inviting Foreign Capital