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Latino Daily News

Tuesday April 19, 2011

Castro Steps Down from his 50-Year Reign as Leader of Cuban Communist Party

Castro Steps Down from his 50-Year Reign as Leader of Cuban Communist Party

Photo: Castro Resigns from Communist Party

Click Here to Enlarge Photo

True to his word, President Raul Castro at the Community Party conference in Cuba, promised sweeping changes and a ‘rejuvenation’ of the Communist party – and it happened.

Starting with his brother Fidel Castro announcing his resignation as leader of the Cuban Communist Party, a role he has had for over 50 years.  In addition, Raul announced sweeping changes to fiscal policy.

In addition to allowing the private sector to grow, Cubans will be allowed to buy and sell private property.  Since the Cuban Revolution people were forced to pass their homes on to relatives and realize no value on the property.

Party delegates gave their wholehearted support to this change as well as a slew of other economic changes aimed at revitalizing the island’s economy.  In total Raul Castro proposed 300 different economic proposals. 

Fidel and Raul helped create the Cuban Communist Party and have held the top two leadership positions since then.