Cuba’s economy has been facing significant challenges in recent years, including a decline in oil imports from Venezuela and a tightening of the US trade embargo. Despite these challenges, the country is working to diversify its economy and attract foreign investment. The Cuban government has implemented a number of reforms aimed at stimulating economic growth, including the creation of a new foreign investment law and the establishment of a special economic zone in the port city of Mariel. The zone, which is being developed in partnership with the Brazilian company Odebrecht, is expected to attract significant investment from foreign companies and create thousands of new jobs. In addition to the Mariel zone, the Cuban government is also working to develop other sectors of the economy, including tourism, agriculture, and renewable energy. The country has set a goal of generating 24% of its electricity from renewable sources by 2030, and is working to attract investment in solar and wind power. Cuba is also working to increase its food production, with a goal of becoming self-sufficient in food production by 2025. The country has made significant progress in reducing its dependence on imports, and is now producing a significant portion of its own food. However, the US trade embargo remains a significant obstacle to Cuba’s economic development, and the country is calling for the embargo to be lifted. The embargo, which has been in place since 1960, restricts US companies from doing business with Cuba and limits the country’s access to international credit. Despite the challenges posed by the embargo, Cuba is working to build relationships with other countries and to attract foreign investment. The country has established diplomatic relations with a number of European and Latin American countries, and is a member of the Bolivarian Alliance for the Peoples of Our America (ALBA). Cuba is also a member of the Association of Caribbean States, and is working to increase its trade and investment with other countries in the region. In recent years, Cuba has seen significant growth in its tourism sector, with a record number of visitors in 2019. The country is working to develop its tourism infrastructure, including the construction of new hotels and resorts. Overall, while Cuba faces significant economic challenges, the country is working to diversify its economy and attract foreign investment, and is making progress in a number of key sectors.