On June 18, 2026, Cuba’s National Assembly of People’s Power — the country’s highest legislative body — adopted an extensive series of economic reforms. The Central Committee of Cuba’s Communist Party had approved the same measures a day earlier.
The National Assembly adopted the reforms after extensive debate. The Cuban government made these decisions as the Cuban people face a dire humanitarian crisis caused largely by Washington’s relentless economic war for nearly seven decades, exacerbated this year by a blockade of oil imports into the island and new draconian U.S. sanctions. The measures include the virtual abolition of the state monopoly of foreign trade, allowing the establishment of private banks and the hiring by owners of private companies of more than 100 workers, loosening regulations for direct foreign investment, and instituting a partial dollarization of the economy. The reforms seem to signal an organized retreat with substantial openings to the capitalist market. They “do not constitute a surrender” but are “conceived as a sovereign exercise to preserve the conquests of the Revolution without renouncing socialism,” as Cuba’s prime minister Manuel Marrero Cruz put it in introducing the package to National Assembly deputies. *World-Outlook* is publishing below for the information of our readers the article from the Cuban daily *Granma*, which reports on the reforms and the debate at the National Assembly session that adopted them. Given the significance of these decisions, we plan to publish in coming days and weeks additional documents and commentary from Cuba on these reforms, as well as other articles that shed light on their significance, contemporary and historical context, and implications. The headline, text, and photos that follow are from the *original* <https://en.granma.cu/cuba/2026-06-19/economic-and-social-transformations-presented-to-cuban-parliament>. The translation from *Granma’s* English-language edition has been lightly edited by *World-Outlook* to improve readability. *https://world-outlook.com/2026/06/22/cuba-adopts-major-economic-reforms/ <https://world-outlook.com/2026/06/22/cuba-adopts-major-economic-reforms/>* -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#42164): https://groups.io/g/marxmail/message/42164 Mute This Topic: https://groups.io/mt/119944625/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
