Cuba Approves Major Economic Reforms Expanding Private Sector, Banking, and Property Rights Amid Severe Crisis and U.S. Sanctions
Cuba’s parliament has unanimously approved a package of economic reforms that represents the country’s most significant departure from its socialist economic model since the 1959 Revolution led by Fidel Castro. Backed by the Communist Party and former leader Raúl Castro, the reforms pave the way for expanded privatization, private banking, private real estate development, and the growth of private businesses as the island struggles through