The Central Committee of the Communist Party of Cuba has approved a package of economic reforms to expand the economy of the market, amid a deep economic crisis and mounting pressure from the U.S..
Reforms aimed at investment and growth
According to state television, the highest body of the ruling Communist Party of Cuba (CPC) approved new proposals for economic and social transformation, following a plenary session of the Central Committee, during which approximately 20 reforms were examined.
The measures, promoted by the government of President Miguel Díaz-Canel, call for a greater opening of the economy to private investments, attracting capital from Cubans living abroad, and a gradual reduction in the size of the public sector.
Former President Raúl Castro also voiced his support for the reforms; despite being 95 years old, continues to wield significant political influence in the country.
These decisions come at a time when Cuba is facing a prolonged economic crisis, while at the same time pressure from the United States on the government of the island is intensifying.
