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Cuba opens its economy widely to the private sector

The Cuban government now allows private businesses in key sectors such as gas stations and pharmacies.

Published 7sem5 sourcesConfirmedImportantupdated 1sem
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The fact

A decree published Wednesday drastically reduces restrictions inherited from the centralized socialist model.

This historic reform aims to revive an economy in crisis, under pressure from US sanctions.

5 sources — click a link to read an article on the topic:

Why it matters

Cette réforme marque un tournant pour Cuba, traditionnellement ancrée dans un modèle économique socialiste. L'ouverture au privé pourrait attirer des investissements et atténuer les pénuries chroniques, mais elle soulève aussi des questions sur la pérennité du système politique.

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