Cuban economy needs âurgent changesâ as US blockade deepens crisis, says president

Miguel DÃaz-Canel cites China and Vietnam as possible models for opening up the countryâs economy Cubaâs economy needs urgent changes to overcome a crisis intensified by a US oil blockade, the president, Miguel DÃaz-Canel, has said in a speech to Communist party leaders. âThe situation calls for urgent and necessary changes,â DÃaz-Canel told the partyâs politburo in his frankest admission yet of the need to overhaul the countryâs communist model. In the remarks, broadcast on Thursday, he cited China and Vietnam as possible models for opening Cubaâs economy to the world in order to âcreate economic wealth and distribute it equallyâ. DÃaz-Canel made the remarks at a meeting called to fast-track changes aimed at boosting the growing private sector as the island, under pressure from Washington, undergoes an economic crisis. Some of the changes âwill not have absolute consensus but cannot be postponed,â DÃaz-Canel stressed. âWhen peopleâs lives become this hard,â he said, the Communist party and government had a responsibility to âchange what needs to be changedâ rather than try to explain away the crisis. The oil blockade imposed by Donald Trump in
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