PROMESA: A Failed Colonial Experiment?

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.

Taking Stock of Puerto Rico’s Reconstruction Process

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.

Federal Funds Anchor New Fiscal Plan

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.

El debate del PUA y el regreso al trabajo: 驴una falsa dicotom铆a?

De la reciente discusi贸n p煤blica en Puerto Rico sobre la Asistencia por Desempleo Pand茅mico y el retorno a los centros de trabajo parecer铆a como si las prestaciones sociales fueran una especie de anatema para la inserci贸n en el mercado laboral.聽 Ambas, sin embargo, deben mirarse de forma interrelacionada y requieren de una fina calibraci贸n por parte de los gobiernos.

A Short Note on Post-COVID Forecasting

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.

Plan de Ajuste

La Junta de Supervisi贸n y Administraci贸n Fiscal anunci贸 ayer que 鈥渓leg贸 a un acuerdo en principio con varios grupos de acreedores para reducir la deuda de Puerto Rico a niveles sostenibles luego de un exitoso proceso de mediaci贸n鈥. Como resultado de ese acuerdo, la JSAF solicit贸 a la corte extender hasta el 8 de marzo de 2021 el plazo para presentar un Plan de Ajuste modificado.

Recomendaciones al Gobernador de Puerto Rico

Puerto Rico atraviesa por la situaci贸n m谩s dif铆cil que ha enfrentado en medio siglo y la complejidad de la coyuntura actual requiere que se establezcan prioridades claras de trabajo. En este memorando al gobernador identificamos cu谩les deben ser las prioridades de trabajo para la nueva administraci贸n y ofrecemos recomendaciones sobre c贸mo atenderlas.