Cuban President Miguel Diaz-Canel said he would introduce new initiatives to revitalise his country's economy. Cuba relies on tourism for much of its foreign currency reserves. Global restrictions on travel during the pandemic have severely impacted this sector. Another key industry in Cuba is the production of sugar. Bad weather has resulted in poor harvests and reduced revenues. These events have depleted the government's reserves of foreign currency, which means it has become difficult for the country to import food and medicine. Cuba expert O'Neill Diaz said "many entrepreneurs from the private sector have spent years striving, working and trying to contribute" to Cuba's economic well-being.
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