Some of the most impactful measures announced by Cuba’s Prime Minister Manuel Marrero Thursday include allowing:

• Private and foreign capital to purchase and sell fuel
• The creation of private corporate banking
• Private business owners to own more than one company and hire more than 100 workers
• Private businesses in agriculture and tourism
• Tourism property sales, evaluated case-by-case, for Cubans resident in the country and abroad
• Foreign investors to hire workers directly
• Foreign investment in Old Havana and other tourist spots, in state telecom ETECSA data centers, mobile networks, and other digital infrastructure
• The extension of surface rights up to 99 years and leases up to 50 years for foreign investments
• Real estate development in tourism
• Farmland lease rights for an “indefinite period”
• Wholesale and retail trade without limits by foreign entities
• The sale of state assets and state companies’ shares to the private sector and foreign companies.

Taken together, the reforms proposed significantly expand the private sector six decades after Cuba’s communist leaders forbade all private business—even frita stands— and adopted a centrally planned economy model that ended up ruining the country and dragging Cubans into a severe humanitarian crisis. Currently, the government is in such dire straits that it is even seeking to transfer the management of the country’s zoos and aquariums to private hands, another announced change.