The Puerto Rican economy is simultaneously recovering from three systemic shocks: the COVID-19 pandemic, the considerable damage inflicted by Hurricanes Irma and Maria, and the upcoming creditor’s vote on the Plan of Adjustment negotiated by the FOMB.
La actividad de Puerto Rico como jurisdicción de bajas tasas impositivas para empresas multinacionales (EMN) de EEUU está levantando ronchas a nivel internacional. En este escrito exponemos lo que está en juego para la isla.
For more than a century, Puerto Rico has included access to higher education through the operation of the University of Puerto Rico (“UPR”), providing affordable access to high-quality education to thousands. Keep reading for an analysis of some of the most important aspects of the Fiscal Plan for the UPR certified on May 27, 2021.
On June 30, 2016, President Obama signed into law the Puerto Rico Oversight and Management Economic Stability Act. As we look back and take stock of the events that have taken place since 2016, the unavoidable conclusion is that the territorial bankruptcy regime set up by that law has failed to achieve most of the goals set forth by its authors.
It has been about three years and eight months since Hurricane Maria struck Puerto Rico on September 20, 2017. It is a good time as any, to take stock of the post-storm reconstruction and recovery process as we approach the beginning of yet another hurricane season in the Atlantic Ocean.
The FOMB for Puerto Rico certified a new fiscal plan for the central government on Friday, April 23. The new Fiscal Plan, just like the others, is based on four core elements: (1) budget consolidation (spending cuts and revenue increases); (2) structural reforms; (3) debt relief; and (4) federal funding for disaster relief and COVID-19 assistance.
De la reciente discusión pública en Puerto Rico sobre la Asistencia por Desempleo Pandémico y el retorno a los centros de trabajo parecería como si las prestaciones sociales fueran una especie de anatema para la inserción en el mercado laboral. Ambas, sin embargo, deben mirarse de forma interrelacionada y requieren de una fina calibración por parte de los gobiernos.
There is no way to understate the profound impact that the COVID-19 pandemic has had on our individual and collective lives. It is no surprise, then, that governments, businesses, and households are anxious to overcome this situation.