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Bangkok Post
Bangkok Post
Business

Cuban economy needs 'urgent changes' to overcome crisis: president

People board a private vehicle transporting passengers on the outskirts of Havana -- new restrictions on transport in Cuba are coming into force amid a severe fuel shortage. (Photo: AFP)

HAVANA - Cuba's economy needs "urgent changes" to overcome a major crisis intensified by a US oil blockade, President Miguel Diaz-Canel said in a speech to Communist Party leaders broadcast on Thursday.

"The situation calls for urgent and necessary changes," Diaz-Canel told the party's politburo in his frankest admission yet of the need for an overhaul of the country's communist model.

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