Communist Party approves market reforms in Cuba, backed by Raúl Castro
Cuba’s Communist Party has endorsed sweeping economic reforms to expand private investment and reduce the state’s role, as Raúl Castro, the country’s authority behind the throne, gave his backing. The measures aim to revive an economy crippled by US sanctions and blackouts exceeding 30 hours.
Party endorses liberalization package
The Communist Party of Cuba’s central committee held an extraordinary plenary session on Wednesday to discuss around twenty reform proposals, state television reported. The party approved the measures, which include opening more sectors to private investment, attracting greater capital from Cubans living abroad, and shrinking the state apparatus. Raúl Castro, the 95-year-old former president and a key power figure despite holding no official post, participated via videoconference and wrote a letter saying the changes are
the most beneficial to the revolution at this time.
Measures and assurances
President Miguel Díaz-Canel had presented the package less than a week earlier, and some of the reforms could be adopted by the National Assembly on Thursday. They aim to introduce market mechanisms without abandoning state social responsibility,
The government has teased new investment opportunities across a broad range of sectors.they in no way imply relinquishing the social responsibility of the state.
Economic pressure and US blockade
The reforms come as a US oil blockade, imposed by President Donald Trump in January, has pushed the economy to near collapse. Blackouts now last more than 30 hours, and shortages of food, fuel, drinking water and medicine are widespread. Trump has hinted at taking control of the island 90 miles from Florida.
- US imposes oil blockade on Cuba, worsening economic crisis
- Raúl Castro backs reforms at Communist Party plenary
- National Assembly expected to approve reforms
Will Washington be satisfied?
It remains unclear whether the changes will satisfy Washington. The Cuban government is negotiating with the United States, but Trump has sought a broader shift. Private businesses, allowed since 2021 and employing up to 100 people, have become an increasingly important part of the economy, though the state retains a dominant role. The reforms mark a notable step as Havana tries to navigate external pressure and internal unrest.
