Cuba Proposes Economic Reforms to Address Crisis Amid U.S. Sanctions
Cuba's President Miguel Diaz-Canel acknowledged the need for urgent economic reforms to address a severe crisis worsened by a U.S. oil blockade and internal inefficiencies. Proposed changes aim to boost private sector growth, attract capital from Cubans abroad, liberalize agriculture, and reduce state control. While details remain limited, the Communist Party approved the reforms, supported by Raul Castro, as efforts to revitalize the economy amid ongoing shortages and power outages.