Former Cuban President Fidel Castro said he had resigned from the Communist Party’s leadership and called on a new generation of leaders to change the island’s economy as officials gathered to debate ways to revive growth.

“There is no margin for error in this moment in human history,” said Castro. “The new generation is being called upon to rectify and change without hesitation everything that should be rectified and changed.”

Party members are debating changes to Cuba’s economic system, which has been battered by a U.S. embargo and mounting debt to foreign exporters. Proposals being discussed include eliminating the monthly ration books that provide Cubans with subsidized food and providing loans to individuals who start independent businesses.

Raul Castro, 79, has initiated measures to open the economy since being handed power by his brother.

Continue reading →