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Cuba Leader Admits 'Urgent Changes' Needed to Overcome Crisis

The measures seek to attract capital from Cubans abroad and expand private businesses as the island faces power cuts and shortages, officials said.

  • On Thursday, President Miguel Díaz-Canel announced urgent economic reforms to the Communist Party Central Committee, aiming to expand the private sector and attract foreign capital amid Cuba's deepening crisis.
  • Facing severe shortages, Díaz-Canel admitted that "slowness, bureaucracy and norms that impede those who want to produce" have contributed to the crisis alongside the US oil blockade imposed in January.
  • The measures propose lifting price caps and allowing foreign investment in small enterprises; many Cubans remain skeptical, dismissing changes as a rehash of earlier proposals or state "lies."
  • Florida Republican Rep. María Elvira Salazar blasted the announcements, calling them a sign of "political agony" from a desperate dictatorship attempting to save itself from collapse.
  • Díaz-Canel cited China and Vietnam as potential models for opening Cuba's economy while calling on emigrants to invest, maintaining these measures will advance the construction of socialism.
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"Reality imposes urgent changes on us"... This is just one of the phrases that the Cuban dictator, Miguel Díaz-Canel , used to accredit the changes in the socialist model that led the island to misery. What he omits is that the urgency began more than half a century ago, when the regime that today barely survives thanks to the gifts of others of its same type, began to amputate the labor force and to block private initiative. In the published do…

The HinduThe Hindu
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Cuba leader admits 'urgent changes' needed to overcome crisis

The proposals are part of a desperate, eleventh-hour bid to stave off economic collapse in the face of unprecedented U.S. pressure

·Chennai, India
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Al Arabiya broke the news in Saudi Arabia on Thursday, June 18, 2026.
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