{
    "success": true,
    "data": {
        "id": 1802578,
        "msgid": "cuba-launches-sweeping-reforms-to-revive-economy-1781427335",
        "date": "2026-06-14 15:23:03",
        "title": "Cuba launches sweeping reforms to revive economy",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "Cuban President Miguel Diaz-Canel has announced a comprehensive reform package aimed at revitalising the nation's struggling economy. The measures include reducing the number of ministries, granting greater autonomy to agricultural producers, and opening the tourism sector to new business models. The government also plans to phase out universal subsidies in favour of targeted social assistance for the most vulnerable groups.",
        "content": "<p>Cuban President Miguel Diaz-Canel announced on Saturday a sweeping\nreform package aimed at reviving the economy, reducing centralisation,\nand granting greater autonomy to various sectors of society. In a speech\nbroadcast on state television, Diaz-Canel stressed that the reforms were\nnot a response to pressure from the United States, but rather intended\nto strengthen the country\u2019s economic model. \u201cThis country is not\nstanding still. This country is intelligently facing all circumstances.\nWe cannot publicly disclose everything we do because the enemy watches\nevery step we take. Our response must be unity and solidarity,\u201d\nDiaz-Canel said. He explained that the reform package would be submitted\nin the coming weeks to the Political Bureau of the Communist Party of\nCuba (PCC), one of Cuba\u2019s highest decision-making bodies, before being\ndiscussed by the National Assembly of People\u2019s Power, the country\u2019s\nunicameral parliament. Under the proposed reforms, agricultural\nproducers will gain greater flexibility. The government will also remove\nthe mandatory role of state companies as intermediaries in foreign trade\nand lift restrictions on vehicle imports. Diaz-Canel added that the\ngovernment wants to encourage foreign investment and will grant the same\nrights to Cubans living abroad as those enjoyed by residents on the\nisland. As part of an effort to improve government efficiency and reduce\nbureaucracy, the number of ministries will be reduced from 27 to 20. The\nCuban president also announced a gradual phase-out of product subsidies.\nSocial assistance will subsequently be focused on the most needy\nsegments of the population. As part of the reforms, Cuba plans to open\nthe tourism sector to new business models and operators. This move comes\nafter several foreign companies reduced or ceased their activities in\nthe country due to US sanctions. Several international hotel chains,\nincluding Melia Hotels International, Iberostar, Blue Diamond Resorts,\nand Archipelago International, announced the partial or complete\nsuspension of their operations in Cuba in June due to sanctions imposed\nby the United States. This decision cast uncertainty over the future of\naround 50 hotels, most of which are state-owned and managed through\nGaviota, a subsidiary of the military-controlled holding company GAESA.\nCuba\u2019s tourism industry has faced difficulties since the COVID-19\npandemic. However, the tightening of sanctions by the United States\nsince January has further worsened the situation, triggering a sharp\ndecline in foreign tourist arrivals. The situation has prompted many\nforeign companies, including hotel operators and airlines, to leave\nCuba. According to data from the National Office of Statistics and\nInformation (ONEI), 328,608 foreign tourists visited Cuba during the\nfirst four months of 2026. That figure represents a 55.8 percent drop\ncompared to the same period the previous year. In April 2026, Cuba\nrecorded only 30,551 foreign tourist arrivals.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/cuba-launches-sweeping-reforms-to-revive-economy-1781427335",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}