Cuba's New Constitution Will Recognise Private Property

Cuban President Miguel Diaz-Canel. © REUTERS / Alexandre Meneghini

BBC: Cuba to recognise private property under new constitution

Cuba will officially recognise private property for the first time under a new constitution that features a number of far-reaching changes, state media say.

Property sales were banned after Fidel Castro came to power in 1959, but permitted after a law change in 2011.

The communist-run state's new constitution will reaffirm that central planning and state enterprise are key to the economy.

It is expected to be approved by a vote at the national assembly next week.

The draft constitution would then be put to a popular referendum for final approval later this year.

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Update #1: Communist-run Cuba to recognize private property in new constitution (Reuters)
Update #2: Cuban reforms stress free market, private property and investment (AFP)

WNU Editor: This is Cuban President Miguel Díaz-Canel's doing. It is a small step, and one can only hope that these reforms will continue.