CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
Rosanna Torres and Sergio M. Marxuach, CNE’s Washington DC Office Director and Public Policy Director, provided written testimony on October 30 for a hearing of the US House of Representatives Committee on Natural Resources on the issue of possible amendments to the PROMESA legislation.
CNE has developed the FPMCM Dashboard for users to query on trends regarding federal post-María contracting for reconstruction works in Puerto Rico.
CNE has developed the FPMCM Dashboard for users to query on trends regarding federal post-María contracting for reconstruction works in Puerto Rico.
CNE has developed the FPMCM Dashboard for users to query on trends regarding federal post-María contracting for reconstruction works in Puerto Rico.
Puerto Rico y sus residentes han experimentado numerosas crisis y sacudidas en las últimas décadas incluyendo una depresión económica que comenzó en el 2006; una deuda pública que provocó la bancarrota municipal más grande de la historia de EE.UU. y la imposición de una Junta de Supervisión Fiscal por el gobierno federal dedicada a hacer profundos recortes de presupuesto; una crisis demográfica con una población que disminuyó en más de 600,000 residentes desde su punto más alto de 3.8 millones en el 2004; y más recientemente, la devastación y el efecto cascada causados por los huracanes de 2017.
Puerto Rico and its residents have experienced numerous crises and shocks in the last decades, including an economic depression dating back to 2006; a public debt crisis resulting in the largest municipal bankruptcy in U.S. history and a federally appointed fiscal oversight board pursuing deep budget cuts; a demographic crisis with population dropping by more than 600,000 residents since peaking at 3.8 million in 2004; and most recently, the devastation and cascading effects left by the hurricanes of 2017.
Federal funds for rebuilding after a natural disaster are administered through a complicated patchwork of programs managed by a number of different agencies and subject to a myriad of rules and regulations. In general terms, the two main agencies involved are the Federal Emergency Management Administration (FEMA) and the Department of Housing and Urban Development (HUD).
