The China Mail - Cuba leader admits 'urgent changes' needed to overcome crisis

USD -
AED 3.6725
AFN 63.000559
ALL 80.457093
AMD 364.26286
ANG 1.790365
AOA 917.999719
ARS 1516.020796
AUD 1.421262
AWG 1.8
AZN 1.703747
BAM 1.719271
BBD 2.021123
BDT 123.385271
BGN 1.683441
BHD 0.378322
BIF 3015.506057
BMD 1
BND 1.282238
BOB 11.967247
BRL 5.167297
BSD 1.003494
BTN 96.024226
BWP 13.645973
BYN 3.038502
BYR 19600
BZD 2.018222
CAD 1.410525
CDF 2309.999891
CHF 0.82405
CLF 0.024397
CLP 963.32995
CNY 6.71135
CNH 6.71495
COP 3288.88
CRC 455.322571
CUC 1
CUP 26.5
CVE 96.924335
CZK 21.453034
DJF 178.696847
DKK 6.56695
DOP 59.694539
DZD 133.960182
EGP 51.423997
ERN 15
ETB 163.912608
EUR 0.87845
FJD 2.24975
FKP 0.754629
GBP 0.755145
GEL 2.614989
GGP 0.754629
GHS 11.625096
GIP 0.754629
GMD 74.000256
GNF 8825.403802
GTQ 7.659717
GYD 209.949851
HKD 7.842625
HNL 26.934944
HRK 6.6228
HTG 131.167861
HUF 321.224503
IDR 17912
ILS 3.042105
IMP 0.754629
INR 95.906303
IQD 1314.638595
IRR 1374574.999728
ISK 121.229727
JEP 0.754629
JMD 158.109403
JOD 0.708991
JPY 158.176503
KES 129.550235
KGS 87.449801
KHR 4069.900318
KMF 432.999946
KPW 900.000318
KRW 1368.669769
KWD 0.30914
KYD 0.836289
KZT 446.228832
LAK 22485.935302
LBP 89536.891783
LKR 330.148377
LRD 173.10397
LSL 16.369989
LTL 2.95274
LVL 0.60489
LYD 6.406329
MAD 9.606146
MDL 17.761955
MGA 4409.185804
MKD 54.084346
MMK 2099.566963
MNT 3597.939506
MOP 8.107421
MRU 40.17914
MUR 48.117591
MVR 15.450336
MWK 1740.028568
MXN 17.525502
MYR 4.078905
MZN 63.910232
NAD 16.36963
NGN 1325.94969
NIO 36.927972
NOK 9.48942
NPR 153.640463
NZD 1.760855
OMR 0.384499
PAB 1.003538
PEN 3.387908
PGK 4.470678
PHP 62.741047
PKR 278.093308
PLN 3.846635
PYG 5947.478299
QAR 3.658363
RON 4.6333
RSD 103.188969
RUB 85.252219
RWF 1481.149407
SAR 3.760068
SBD 8.000512
SCR 13.860281
SDG 601.502977
SEK 9.91639
SGD 1.27951
SHP 0.755002
SLE 24.650009
SLL 20969.491881
SOS 573.472922
SRD 37.822496
STD 20697.981008
STN 21.535906
SVC 8.780419
SYP 13002.000254
SZL 16.365674
THB 33.3825
TJS 9.287209
TMT 3.51
TND 2.964119
TOP 2.40776
TRY 48.854902
TTD 6.820349
TWD 31.824497
TZS 2648.919876
UAH 45.041292
UGX 3903.815472
UYU 40.223974
UZS 11841.856581
VES 852.43145
VND 25997.5
VUV 118.51472
WST 2.751818
XAF 576.225518
XAG 0.015597
XAU 0.000233
XCD 2.70255
XCG 1.808584
XDR 0.707052
XOF 576.225518
XPF 104.837044
YER 236.649827
ZAR 16.377096
ZMK 9001.196392
ZMW 19.543175
ZWL 321.999592
SSP 5712.591861
MXV 1.986148
  • CMSC

    -0.1020

    20.508

    -0.5%

  • BCE

    -0.0900

    21.61

    -0.42%

  • NGG

    -1.6100

    75.25

    -2.14%

  • RIO

    -2.2400

    95.25

    -2.35%

  • JRI

    -0.2350

    11.25

    -2.09%

  • BTI

    0.1000

    55.85

    +0.18%

  • BCC

    -1.2400

    77.76

    -1.59%

  • GSK

    -1.0100

    49.71

    -2.03%

  • CMSD

    -0.0800

    20.34

    -0.39%

  • RYCEF

    -0.2300

    19.67

    -1.17%

  • RBGPF

    0.0000

    67

    0%

  • BP

    1.3900

    44.49

    +3.12%

  • AZN

    -5.0400

    163.33

    -3.09%

  • RELX

    0.2400

    33.22

    +0.72%

  • VOD

    -0.2700

    16.35

    -1.65%

Cuba leader admits 'urgent changes' needed to overcome crisis
Cuba leader admits 'urgent changes' needed to overcome crisis / Photo: © AFP

Cuba leader admits 'urgent changes' needed to overcome crisis

Cuba's communist model needs "urgent changes" to overcome a major crisis which cannot be solely blamed on a crippling US oil blockade, President Miguel Diaz-Canel said in his frankest admission yet of the need for radical reforms.

Text size:

"The situation calls for urgent and necessary changes," Diaz-Canel told the Communist Party party's politburo in remarks broadcast on Thursday,

Diaz-Canel was speaking at a meeting called to fast-track reforms aimed at boosting the private sector and attracting more capital from millions of Cubans who have fled the crisis abroad.

The proposals are part of a desperate, eleventh-hour bid to stave off economic collapse in the face of unprecedented US pressure.

Diaz-Canel cited China and Vietnam as possible models for opening Cuba's economy to the world in order to "create economic wealth and distribute it equally."

Some of the reforms "will not have absolute consensus but cannot be postponed," Diaz-Canel stressed.

"When people's lives become this hard," the Communist Party and government had a responsibility to "change what needs to be changed" rather than try to explain away the crisis, he argued.

The oil blockade imposed by President Donald 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.

While Havana's position has been to blame its woes on a more-than-six-decade US trade embargo and the blockade, Diaz-Canel admitted there were "obstacles that don't come from outside, nor the blockade."

He pointed to "slowness, bureaucracy and norms that impede those who want to produce" as well as "decisions that we have put off."

The reforms were approved by the Communist Party on Wednesday.

They also received the blessing of nonagenarian ex-president Raul Castro, widely seen as the power behind the throne, who described them as "the most beneficial to the revolution at this time."

They are expected to be approved by the National Assembly, which rubber-stamps legislation, in a vote later Thursday.

- 'Worse each day' -

It is unclear, however, whether the changes will satisfy Trump, who is pushing for a change in Cuba's leaders as well as its economic model.

Many disillusioned Cubans shrugged off the announcements as either too little too late or an outright "lie."

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.

"It's a lie, we've been doing this for 67 years (since Fidel Castro's 1959 revolution) and it gets worse every day," Iris Montero Borges, a 58-year-old cleaner at state telecoms company Etecsa who had been without power at home for 12 hours, told AFP.

The country's small but growing business class welcomed the changes, however, while making clear they did not see them as a quick fix.

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.

The reforms "offer hope, a chance that may or may not materialize," said Mario Gonzales, the 32-year-old manager of a restaurant in Havana's historic old town which was thronged with tourists a decade ago and now fills only a handful of tables for dinner

J.Liv--ThChM