Cuba approves 176 market reforms under U.S. pressure (opens in new tab)

Cuba's National Assembly unanimously approved 176 market-oriented economic measures Thursday, after Prime Minister Manuel Marrero presented the package to lawmakers and the Communist Party backed it with support from former leader Raúl Castro. The measures would reduce parts of the state's role in the economy by allowing large private enterprises, private banks, private real estate development, foreign investment without mandatory state joint ventures, and Cuban or foreign investors to buy st...

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