Cuba's Presidential Office released a Radio Rebelde segment in which President Miguel Díaz-Canel presented the economic reforms as a way to strengthen social programs and reduce inequality, citing over 32 initiatives and more than 800,000 people identified as vulnerable. ECLAC projects a 6.5% contraction in Cuba's GDP in 2026, after a cumulative 10.3% decline over the prior two years, while official inflation reached 25.19% in August and food prices rose over 36%. Data from ONEI and civil organizations indicate about 40% of state investment goes to tourism and hotel construction, versus only 2.7% to 2.75% for health and social assistance. Independent media investigations estimate GAESA holds between 14.5 billion and 18 billion dollars in liquid assets abroad, outside the state budget. Díaz-Canel linked the medication shortage to a lack of foreign currency but said the crisis spurs citizen creativity, a remark critics see as shifting blame onto the public.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: President Díaz - Canel Claims Economic Reforms Aim to Reduce Inequality and Enhance Social Justice
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