Cuba's National Assembly approved an unprecedented package of 176 economic reforms on June 19, 2026, authorizing private banks, opening state enterprises to private investors, creating a digital foreign exchange market, and eliminating universal subsidies. President Miguel Díaz-Canel acknowledged the island faces "the most difficult hours of the century."
In a record-breaking move, Cuba's National Assembly has approved the most significant economic reform package in 15 years. President Díaz-Canel acknowledged the country faces its most difficult hours of the century, opening doors to private enterprise and foreign investment.
Cuba's National Assembly approved 176 transformations across 23 key areas to revitalize the island's struggling economy. President Díaz-Canel acknowledged the country faces its most difficult hours of the century and called on the United States to lift the blockade. The reforms open doors to foreign investment and allow Cubans living abroad to invest in their homeland.
Alfredo S. Quiroga
