Quantcast
logo

Cuba's Draft New Constitution Recognizes Private Property and Proposes Major Changes

  • Cuba’s Communist Party newspaper Granma on Saturday published a summary of the new constitution that highlights recognition of private properties, which will likely provide enhanced legal protection to Cuban entrepreneurs as well as foreign investors. The draft new constitution highlighted the fact that central planning and state enterprises will remain the basic pillars of the Cuban economy. The report also highlighted that the new constitution will have 224 articles in place of the current constitution’s 137 articles. Per the draft of the new constitution, President will be head of the assembly. The position of Prime Minister will be introduced in the new constitution along with two consecutive five-year term limit for the presidency. Draft of the new constitution will be placed before the national assembly during its meeting next week.