Cuba Approves Economic Reforms Amid Severe Shortages and Blackouts

Cuba’s government approved a sweeping package of economic reforms aimed at opening its economy and attracting foreign investment. Officials described the measures as one of the most significant policy shifts in recent history. The announcement came as the country faces its worst economic crisis in decades.

Cuba is grappling with widespread shortages of food, fuel and medicine as well as frequent blackouts. France 24 reported the reforms were approved on or before 19 June 2026. The package is intended to open Cuba’s economy and attract foreign investment, according to the government statement.

Cuban officials said the changes represent a major departure from previous policy. U.S. pressure, France 24 reported. No specific measures or timelines were detailed in the initial announcement.