Cuba has approved an emergency economic package comprising 176 measures across 23 sectors that expands the role of private enterprise, opens additional avenues for foreign investment, and reduces most price controls.
The measures include authorization for foreign companies to invest directly in the private sector and provisions for additional investment from Cubans living abroad.
The package also gives municipalities greater authority and allows state companies to form partnerships with private businesses and cooperatives, extending decentralization within the state-run economy.
The steps were disclosed on June 18, 2026, and are aimed at broadening private-sector activity and adjusting the structure of economic decision-making across multiple parts of the economy.