AGP Executive Report
Last update: an hour agoCuba’s Economic Overhaul: Cuba’s National Assembly approved a sweeping reform package of 176 measures aimed at liberalizing and decentralizing the economy amid a deepening crisis, including new business models in tourism, more private-sector participation, private banking under Central Bank supervision, and steps toward privatizing state firms via share sales. Tourism Shock: A separate report says Cuba’s tourism has collapsed as U.S. pressure bites, with airlines and hotel groups suspending or halting operations and visitor numbers down sharply in early 2026. Banking & Payments Reality Check: ECAB customers were warned Visa and Mastercard can no longer be used in Cuba after a U.S. executive order affected card processing, a practical headache for travelers. Agriculture & Food Fixes: The reforms also target agriculture, expanding usufruct rights and commercial freedoms for producers and cooperatives, as the food crisis forces rule changes. Diplomatic Signals: Cuban officials and regime-linked figures sent messages to the diaspora and foreign investors that “the doors are open” despite political tensions.
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