Cuba's President Seeks Urgent Economic Overhaul Amid Energy Crisis
Image Source: Internet
Cuban President Miguel Díaz-Canel has called for immediate transformations to the island's economic and social model, citing dwindling oil reserves and a recent oil blockade.
The push for change includes business and municipal autonomy, resizing the state apparatus, and investments with Cubans residing abroad.
Prime Minister Manuel Marrero Cruz emphasized priorities on food production and power grid changes, while the minister of energy and mines highlighted the need for municipalities to develop sustainability strategies.
Cuba has implemented austere fuel-saving measures and faces a sharp increase in U.S. sanctions, stripping the island of nearly $8 billion in revenue.
