Solving The Puerto Rico Debt Crisis: Policy Priorities
Puerto Rico’s current crisis has been years in the making and is not limited solely to the public debt overhang. At the core of the current predicament is a deteriorated development model and economic institutions that have hindered growth. Thus, any solution enacted by the federal government must provide a workable process conducive to a comprehensive restructuring of the debt and recognize the multifaceted nature of the crisis. Following are the priorities identified by the Center for a New Economy to address the crisis.