Cuba approves three decrees-laws on economic matters

Cuban Prime Minister Manuel Marrero reported today the approval by the Council of State of three decrees-laws on economic matters.

In Havana on December 11, Cuban Prime Minister Manuel Marrero announced that the Council of State has approved three decrees-laws focused on economic matters. This step is part of the government's efforts to address national economic issues. According to official information, these decrees-laws aim to regulate key aspects of the economic sector, though specific details have not been publicly disclosed at this time. The announcement underscores the Cuban leadership's commitment to economic reforms amid internal and external challenges. No implementation dates or immediate impacts were mentioned, but they are expected to contribute to the country's economic stability.

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Cuban parliament session in Havana: deputies discuss economic measures as eight new members take office.
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Cuban parliament analyzes economic measures in ordinary session

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In Havana on December 18, 2025, the National Assembly of People's Power held its sixth ordinary session of the tenth legislature, where eight new deputies took office and key issues like social justice and economic recovery were discussed.

Cuban Prime Minister Manuel Marrero reiterated the need to strengthen government structures and the role of leaders in the country's current context. The statement was made in Havana on January 9.

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Prime Minister Manuel Marrero Cruz stressed that Cuban municipalities must lead their own development at an extraordinary Provincial Government Council meeting in Ciego de Ávila. He highlighted the province's strategic role in food production amid a war economy imposed by the US blockade. He called for a mentality shift and multiplied concrete actions for sustainability.

In Havana, Prime Minister Manuel Marrero stated that Cuban authorities are working diligently to recover the National Power Grid. He highlighted that $1.15 billion has been allocated for this effort, despite challenging financial conditions.

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Cuba's Ministry of Agriculture has issued Resolution 186, mandating registries for rice, grains, beekeeping, and charcoal producers to regulate access to foreign currency payments. This step aligns with a bureaucratic trend overseeing profitable exports like honey and charcoal. Experts warn it fails to address the country's agricultural crisis.

For the first time, the Cuban government allows private individuals to hold foreign currency accounts and conduct transactions with them. This measure, part of a legislative package, imposes an 80% retention coefficient for certain foreign currency incomes, which must be delivered to the Central Bank. The goal is to boost foreign currency revenues and enable legal imports.

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President Gustavo Petro signed Decree 1390 of 2025 declaring a 30-day economic and social emergency in Colombia after the Congress sank the financing bill. The measure aims to raise funds to cover a $16.3 trillion deficit and ensure essential services like health. The announcement sparks legal and political debate, with reviews pending from the Constitutional Court and Congress.

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