Private companies, foreign investment, commercial banking: Cuba’s stunning economic U-turn (opens original article in a new tab)

Cuba implemented major free-market reforms including private enterprise, foreign investment, and banking changes to address economic crisis and US sanctions.

• Cuban lawmakers adopted 176 free-market reforms to address economic crisis and end US fuel blockade
• Private enterprises allowed to operate without state joint ventures, with foreign investment permitted
• Foreign and private investment enabled in fuel, property, and banking sectors