Why Congress Should Act Now
Staff Briefing by Sergio M. Marxuach for the U.S. House of Representatives Committee on Natural Resources on April 28, 2016.
Fiscal Issues
The Endgame: An Analysis of Puerto Rico’s Debt Structure and the Arguments in Favor of Enacting a Comprehensive Debt Restructuring Mechanism for Puerto Rico
Puerto Rico’s debt structure is inordinately complicated. With no access to a broad debt restructuring mechanism, the chaos that a disorderly default could bring would further erode bondholder value, increase restructuring costs, depress the local economy, and make long-term recovery harder to achieve.
Prioridades de CNE ante el Congreso de EEUU
La crisis económica y fiscal de Puerto Rico tardó años en gestarse y no se circunscribe exclusivamente al problema de la deuda pública. La raíz del dilema actual se encuentra en un modelo de desarrollo económico deteriorado y unas instituciones que han impedido el crecimiento. Por lo tanto, cualquier solución que adopte el gobierno federal debe reconocer la naturaleza compleja y plural de la crisis actual. A continuación esbozamos las recomendaciones principales del Centro para una Nueva Economía en relación al Puerto Rico Oversight, Management, and Economic Stabilization Act.
Puerto Rico se ha quedado sin certezas
El autor colombiano Juan Gabriel Vásquez escribe en su novela “Las reputaciones” que “las certezas adquiridas en algún momento del pasado podían dejar de ser certezas con el tiempo: algo podía suceder, un hecho fortuito o voluntario, y de repente toda evidencia quedaba invalidada, lo verdadero dejaba de ser verdadero, lo visto dejaba de haber sido visto, y lo ocurrido de haber ocurrido: perdía su lugar en el tiempo y en el espacio; era devorado y pasaba a otro mundo, o a otra dimensión de nuestro mundo, una dimensión que no conocíamos.”
Is a Federal Fiscal Control Board the Only Option for Puerto Rico?- Sergio M. Marxuach
Click on the link below to watch Sergio Marxuach’s remarks in the Center for a New Economy’s forum “Is a Federal Fiscal Control Board the Only Option for Puerto Rico?”. The event took place on March 2, 2016 at the National Press Club of Washington D.C. Scroll below to read a brief biography of Mr. Read More
Is a Federal Fiscal Control Board the Only Option for Puerto Rico? – Tracy Gordon
Click on the link below to watch Tracy Gordon’s remarks in the Center for a New Economy’s forum “Is a Federal Fiscal Control Board the Only Option for Puerto Rico?”. The event took place on March 2, 2016 at the National Press Club of Washington D.C. Scroll below to download the slides from Ms. Gordon’s Read More
Is a Federal Fiscal Control Board the Only Option for Puerto Rico? – Gordon Gray
Click on the link below to watch Gordon Gray’s remarks in the Center for a New Economy’s forum “Is a Federal Fiscal Control Board the Only Option for Puerto Rico?”. The event took place on March 2, 2016 at the National Press Club of Washington D.C. Scroll below to read a brief biography of Mr. Read More
Is a Federal Fiscal Control Board the Only Option for Puerto Rico? – Panel Discussion
Click on the link below to watch the panel discussion in the Center for a New Economy’s forum “Is a Federal Fiscal Control Board the Only Option for Puerto Rico?”. The event took place on March 2, 2016 at the National Press Club of Washington D.C.