CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
Four years after the enactment of PROMESA, Puerto Rico still faces massive debt and economic challenges – now, further exacerbated by the 2017 hurricanes, the series of earthquakes that have rattled the island since December 2019, and most recently, the COVID-19 pandemic. Early on, the Center for a New Economy (CNE) warned the measures being considered by Congress would not address the underlying issues affecting the island.
Rosanna Torres explica las medidas que el Congreso de EE. UU. debe tomar para apoyar a Puerto Rico durante la pandemia del COVID-19.
Letter to Congressional Leadership Regarding COVID-19 in Puerto Rico
What provisions will impact Puerto Rico? What’s missing? CNE’s DC Office Director Rosanna Torres breaks it down.
Rosanna Torres, directora de la oficina de CNE en Washington, explica las restricciones punitivas incluidas en el nuevo acuerdo de fondos federales para la reconstrucciĆ³n.
Puerto Rico faces a host of daunting challenges, including chronically high poverty (especially among children), low labor force participation, over a decade of economic decline, an unsustainably high debt burden, and the lingering effects of the devastating hurricanes of 2017 that make its long-term prosperity harder to attain. To address these challenges, the Commonwealth needs a comprehensive economic package that centers around powerful tools such as the Earned Income Tax Credit (EITC).
For decades, Puerto Rico has received limited funding to run a bare-bones Medicaid program that fails to provide adequate care for 1.5 million people who depend on the program. It is time for Congress to stop nickel-and-diming Puerto Ricoā€™s Medicaid program, and enact a permanent, comprehensive fix.
The summer of 2019 witnessed a masterful demonstration of civic engagement by the people of Puerto Rico. When accusations of corruption, misconduct, and deceit threatened to tarnish the islandā€™s reputation, the people of Puerto Rico ā€”both home and abroadā€”Ā took to the streets peacefullyĀ to clean house and show the world that civility and honesty can prevail in the face of daunting political challenges.
