Connect with us

World

Cuba's Communist Party approves emergency economic plan opening to private enterprise

Published

on

HAVANA — Cuba’s powerful Communist Party, or PCC, on Thursday approved an emergency economic package featuring unprecedented free-market measures aimed at opening up the struggling island’s economy amid heightened pressure from the U.S.

The document, which has not yet been made public, will be submitted Thursday to Cuba’s National Assembly. It envisions expanding opportunities for private enterprise, greater autonomy for municipalities and state-owned companies and measures to attract additional foreign investment, including from Cubans abroad.

In recent days, residents in several Havana neighborhoods staged protests, banging pots and pans as power outages spread across the island.

“Cuba resists heroically and creatively, but has endured for too long a barbaric, undeserved and unbearable punishment, to which is now added the threat of military aggression,” President Miguel Díaz-Canel said late Wednesday in the closing speech of the Communist Party session. The speech was published Thursday.

Díaz-Canel said the emergency plan and the policy document prepared by the Communist Party’s Central Committee were shaped by the experiences of China and Vietnam, two communist countries that have introduced market-oriented economic reforms while maintaining one-party rule.

The document will be submitted to the National Assembly for debate during a special session that, like the recent party meeting, was convened without prior public notice.

The announcement comes after months of increasing pressure from the U.S. and high-level talks between the two countries that have included Raúl Castro’s grandson, Raúl Guillermo Rodríguez Castro. The U.S. has levied numerous sanctions against Cuba and has indicted Raúl Castro in connection with the 1996 downing of two civilian planes operated by Miami exiles.

U.S. Vice President JD Vance said at a White House press briefing that the administration is watching the island’s actions to determine how to respond.

“We’re going to see what they do. And obviously, if they do one thing, we’re going to do something,” Vance said. “If they make smart decisions, we’re going to have a much better relationship with that island.”

__

Seung Min Kim in Washington contributed to this story.

__

Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america

Copyright © 2026 NewsNGR, LLC.

Viral2 days ago

𝐑𝐞𝐧𝐞𝐰𝐞𝐝 𝐇𝐨𝐩𝐞 𝐒𝐭𝐮𝐝𝐞𝐧𝐭 𝐀𝐦𝐛𝐚𝐬𝐬𝐚𝐝𝐨𝐫𝐬 𝐇𝐨𝐥𝐝𝐬 𝐒𝐭𝐮𝐝𝐞𝐧𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐓𝐨𝐰𝐧𝐡𝐚𝐥𝐥 𝐌𝐞𝐞𝐭𝐢𝐧𝐠 𝐎𝐧 𝐕𝐨𝐭𝐞𝐫 𝐄𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐂𝐢𝐯𝐢𝐜 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐈𝐧 𝐎𝐠𝐛𝐢𝐚

Headlines19 hours ago

Obi Is A Trader, Traders Have Short-term Calculation, They’re Not Into Longterm Projection-Oshiomhole

Headlines20 hours ago

I retired as an Asst. Director, equal to a Brigadier, while Al-Mustapha retired as a Major—Dennis Amachree

Headlines20 hours ago

Why Didn’t He Ask Those Probing Questions Like Seun Okinbaloye?–Olayinka Tackles Rufai Oseni Over Peter Obi’s TV Interview

Entertainment2 days ago

“I won’t be alive to see Christ humiliated” – Pastor David Ibiyeomie blasts government over bus preaching ban

Politics2 days ago

They Set Labour Party On Fire To Burn Me, Now They Have Carried Same Fire To NDC – Peter Obi Slams APC

Viral2 days ago

IYC CENTRAL ZONE ELECTION: PROTEST BREWING OVER ALLEGED DELEGATES LIST MANIPULATION BY GOVERNOR’S BROTHER.

Special Report1 day ago

“Nkwasiafoɔ, Who Will Play The Instruments?” — Nana Agradaa Sacks Instrumentalists After Mass Altar Call For Travel Prayers

Viral2 days ago

IYC Directs Central Zone to Suspend Planned Solidarity March Over Kiriyai Case, Seeks Amicable Settlement

Special Report21 hours ago

“We Have Done Everything Possible for Peace, But Adwoa Safo Wants GH¢3.7 Million Before Releasing Our Father’s Body” — Nana Kwadwo Safo Akofena

Trending