Cuban legislators have adopted nearly 200 economic reforms to attract investments and reduce the role of the state, in the context of a severe crisis.

Cuban legislators adopted nearly 200 economic reforms on Thursday aimed at saving the communist island from a deep crisis, exacerbated by a U.S. oil blockade. Prime Minister Manuel Marrero presented 176 measures aimed at reducing the state's role in the economy and attracting investments in various sectors, including tourism and agriculture. Among the reforms is the elimination of the requirement for foreign investors to form partnerships with the state and the authorization of large private enterprises. These changes come amid pressures from the U.S., and President Miguel Diaz-Canel acknowledged the need for 'urgent changes' to avoid economic collapse. Although the Cuban government has always blamed the American embargo for economic problems, Diaz-Canel admitted the existence of internal obstacles. Despite local skepticism, the small business sector welcomed the reforms, seeing them as a hope for revitalizing tourism.