President Joe Biden unveiled last week a $1.9 trillion COVID-19 relief package to help stabilize the faltering U.S. economy.
El Plan de Rescate Americano representa un alivio para Puerto Rico pero debe ser visto como una de las piezas del complejo rompecabezas que constituye la recuperación económica de la isla.
In general, the new Administration should focus its energy on providing the residents of Puerto Rico equal access to federal programs and funding so it can avoid poverty traps and spur economic growth.
The Consolidated Appropriations Act of 2021 included $25 billion in emergency rental assistance for FY 2021, with a $400 million carve-out for Puerto Rico, U.S. Virgin Islands, Guam, American Samoa, and the Commonwealth of Northern Mariana Islands. The Secretary of the Treasury will make allocations based on population size and eligibility.
Han pasado más de tres años desde que los huracanes Irma y María nos azotaron sin piedad, y todavía la reconstrucción posdesastre parece una promesa lejana y sin cumplir.
Back in February of this year, the Financial Oversight and Management Board for Puerto Rico reached an agreement with holders of $10.6 billion of Puerto Rico’s General Obligation Bonds and filed a proposed Plan of Adjustment with the Title III court.
A little over a month ago the U.S. Census Bureau published a notice of proposed rulemaking for the elimination of the Electronic Export Information filing requirement for shipments between the United States and Puerto Rico and the U.S. Virgin Islands. While for the most part this notice has flown under the radar, the negative implications it poses over Puerto Rico’s economic data merits our attention.
This year things are complicated by the COVID-19 pandemic and a record number of voters who have already cast their ballots to avoid the crowd on Election Day. This combination could result in a strange election night.