Cuba approves its deepest market reforms in over a decade amid public skepticism

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Cuba's National Assembly approved 176 new market reform measures, the most significant economic shift since 2011. These reforms aim to inject market dynamics into the economy amidst the worst crisis in decades, though skepticism remains widespread among the populace.

Cuba's National Assembly approved on Friday a package of 176 measures that introduces market dynamics into the island's economy, in the deepest shift since the reforms promoted by Raúl Castro in 2011. The government presented the plan as a response to the worst economic crisis in decades, though much of the population receives it with skepticism.