Cuban Vice Prime Minister Defends Economic Reforms Amid U.S. Tensions

Óscar Pérez-Oliva Fraga, Cuba's Vice Prime Minister, recently defended a new set of economic reforms approved by the National Assembly, asserting they are not a response to U.S. pressure but part of a long-term strategy to improve the island's economy. The reforms, encompassing 176 measures across various sectors, aim to attract foreign investment and enhance economic dynamism. However, analysts caution that ongoing U.S. sanctions and a lack of legal security may hinder their effectiveness. The reforms also include a shift from universal subsidies to targeted assistance, reflecting a significant change in the government's approach to social welfare. As Cuba faces a deepening economic crisis, these changes are seen as crucial for the country's future stability and growth.

Key Details: • 176 economic reform measures approved by the National Assembly. • Reforms aim to improve foreign investment conditions and economic dynamism. • Shift from universal subsidies to targeted social assistance. • Ongoing U.S. sanctions and legal uncertainties pose challenges for reforms.