Cuba is trying a more open economic path

HOOK

Cuba is trying a more open economic path.

FACTS

  • Cuba’s Communist Party has approved a new reform package.
  • The plan aims to give private investors more space and attract foreign money.
  • The government also wants to shrink the state system, which could affect jobs and public services.
  • Cuba is facing a deep economic crisis, with power cuts and shortages of food, fuel and medicine.

TAKEAWAY

Cuba is not dropping communism, but it is trying to use more market-style reforms to deal with daily economic problems.

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