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Raul Castro backs sweeping economic reforms

Raul Castro endorses government proposals to expand private investment and reduce state role in Cuba's crisis-hit economy.

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Cuba
Updated
Thursday, 18 June 2026 at 00:14 UTC
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Cuba's former president Raul Castro on Wednesday backed sweeping economic reforms proposed by the government to revive the crisis-hit economy amid a longstanding US embargo. The measures would expand private investment, attract capital from Cubans abroad, and reduce the state's role in the economy. Lawmakers are expected to approve key changes this week. The reforms represent a significant shift in Cuba's state-controlled economic model, though they face uncertainty given the ongoing US embargo and internal resistance.
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