Cuba has unveiled its most extensive economic reform package since the 1959 revolution, aiming to revive the economy amid increasing U.S. sanctions. The plan would allow private sector development of real estate, permit private banks to operate, convert some state firms into publicly traded companies, and ease restrictions on private businesses. Prime Minister Manuel Marrero said the reforms will use market mechanisms to boost productivity while remaining compatible with Cuba's socialist system. The 175‑point proposal now awaits approval by the National Assembly.