Cuba approves unprecedented free-market reforms in effort to stave off economic collapse

cbsnews.com·2026-06-19T03:56:37.000Z
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Humanitarian Reporting

This article documents human rights concerns or humanitarian issues using credible institutional sources. It is not considered a psychological operation.

This article is not considered a psychological operation. It reports on Cuba's adoption of 176 free-market reforms in response to a severe economic crisis worsened by a U.S. oil blockade and longstanding trade restrictions. The measures, which include allowing foreign investment without state joint ventures and authorizing large private businesses, mark a significant shift from decades of centralized economic control, as leaders acknowledge both external pressures and internal inefficiencies have contributed to the country's struggles.

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