Cuba: Díaz-Canel opens market to the private sector to face economic crisis
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Cuban President Miguel Díaz-Canel announced a series of reforms to address the serious economic crisis, including the expansion of authorized activities for private companies.
Cuban President Miguel Díaz-Canel announced a series of reforms to address the serious economic crisis, including the expansion of authorized activities for private companies. This productive area is almost non-existent on the communist island, which supported it until 2010 when it approached the United States in the administration of Barack Obama. Among other measures to circumvent blockades and sanctions, the Cuban president authorized companies to invest in the local economy, a possibility that was previously limited to foreigners.
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