Cuba implements major economic reforms to decentralize its economy

Jun 20, 2026, 2:00 AM21

(Update: Jun 20, 2026, 2:34 AM)

Havana

capital and largest city of Cuba

Raúl Castro

former First Secretary of the Communist Party of Cuba

Cuba

sovereign state situated on an island in the Caribbean Sea

politics

controversial

impactful

Cuba implements major economic reforms to decentralize its economy

Cuba has introduced 176 measures to decentralize its state-run economy.
The reforms aim to allow more private businesses and reduce government control.
Success of these measures depends on the lifting of U.S. sanctions.

Havana

capital and largest city of Cuba

Raúl Castro

former First Secretary of the Communist Party of Cuba

Cuba

sovereign state situated on an island in the Caribbean Sea

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