CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
Rosanna Torres and Sergio M. Marxuach, CNE’s Washington DC Office Director and Public Policy Director, provided written testimony on October 30 for a hearing of the US House of Representatives Committee on Natural Resources on the issue of possible amendments to the PROMESA legislation.
CNE has developed the FPMCM Dashboard for users to query on trends regarding federal post-María contracting for reconstruction works in Puerto Rico.
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 Rico’s Medicaid program, and enact a permanent, comprehensive fix.
Puerto Rico and its residents have experienced numerous crises and shocks in the last decades, including an economic depression dating back to 2006; a public debt crisis resulting in the largest municipal bankruptcy in U.S. history and a federally appointed fiscal oversight board pursuing deep budget cuts; a demographic crisis with population dropping by more than 600,000 residents since peaking at 3.8 million in 2004; and most recently, the devastation and cascading effects left by the hurricanes of 2017.
Los fondos federales para la reconstrucción después de un desastre natural se administran a través de un complicado entramado de programas, manejados por diferentes agencias y están sujetos a una multiplicidad de reglas y reglamentos. En términos generales, las dos agencias principales son la Administración Federal para el Manejo de Desastres (“FEMA”) y el Departamento de Vivienda y Desarrollo Urbano (“HUD”).
Actualmente, La Junta de Planificación está llevando a cabo un ejercicio de calificación de suelos, de forma poco transparente y atropellada, que busca alterar significativamente las directrices existentes. Con este escrito queremos proveer un trasfondo general sobre las implicaciones de estos cambios, aclarar algunos términos que pueden ser técnicos y escabrosos, y proponer un debate sobre asuntos críticos para la planificación y el futuro de Puerto Rico.
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 island’s reputation, the people of Puerto Rico —both home and abroad— took to the streets peacefully to clean house and show the world that civility and honesty can prevail in the face of daunting political challenges.
Puerto Rico’s protracted economic depression — and the draconian measures implemented to combat the resulting fiscal imbalances — have eroded the island’s government capacity to perform at all levels and created fertile ground for unscrupulous actors to engage in fraudulent behavior. Severe austerity programs implemented since 2006 have led to: drastic budget cuts in numerous key agencies, high employee turnover, low morale amongst public servants and limited resources across the board.
