Havana (AFP) – Cuba’s communist leaders were set to meet Wednesday to discuss plans to revive the collapsing economy in the face of a devastating US blockade. The Communist Party’s central committee convened an extraordinary plenary to discuss plans to open more sectors to private investment, attract more capital from Cubans living abroad, and shrink the state. President Miguel Diaz-Canel has presented the reforms — some of which are expected to be approved by the National Assembly as early as Thursday, less than a week after they were unveiled — as the most substantial in years.
But it was unclear whether they will satisfy President Donald Trump, who has made clear he wants to see regime change and mused about “taking over” the island situated some 90 miles (150 kilometers) from Florida. The oil blockade imposed by Trump in January has brought Cuba’s already moribund economy to the brink of collapse, marked by power cuts sometimes lasting over 30 hours and shortages of food, fuel, drinking water, and medicine. The government, which is in negotiations with Washington, has unveiled a series of reforms aimed at easing the crisis.
Diaz-Canel said Friday that the range of activities that would be thrown open to the private sector would be “as broad as possible.” Private businesses, which can employ up to 100 people, were authorized in 2021 and have become an increasingly important part of the island’s economy. Diaz-Canel said Cubans both on the island and living abroad will be granted the same conditions as foreign investors, some of whom recently pulled out of Cuba over US sanctions. He has also announced plans to cut back the state by reducing the number of ministries and public servants.
But some of the reforms announced were a rehash of earlier proposals, such as granting greater autonomy to state-owned enterprises, which account for roughly 80 percent of economic activity.
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