CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
PREPA’s own bond documents show it was already insolvent by 2012, with maintenance cuts eroding the system’s reliability long before LUMA arrived. Both PREPA and LUMA bear responsibility for today’s blackouts.
As rolling blackouts hit Puerto Rico, we go back to PREPA’s last bond documents to show how its finances and system had already collapsed before LUMA took over, and what can realistically be done now.
Recent nostalgia for the old PREPA ignores the record. Its 2012 and 2013 bond documents show an insolvent utility cutting maintenance as reliability fell. We explain how the PREPA-LUMA arrangement works and what can be done.
Three years after opening our Washington, D.C. office, we review its results: a federal expansion of Puerto Rico’s EITC, Medicaid funding that averted a fiscal cliff, groundwork on SSI, and a role in shaping the federal response to the island’s challenges.
Puerto Rico’s economy is recovering from three simultaneous shocks: the COVID-19 pandemic, the damage from Hurricanes Irma and Maria, and a debt restructuring entering its final phase. We break down the risks of each and how they interact.
COVID-19, Hurricane Maria’s slow reconstruction and the Plan of Adjustment pose a threefold challenge for Puerto Rico. Short-term growth depends mostly on federal transfers, which risks setting back a long-term economic strategy.
For fourth year in a row, Puerto Rico’s Center for a New Economy (CNE) has been included in the most recent edition of the 2016 Global Go To Think Tank Index Report published by the University of Pennsylvania’s Lauder Institute.
Click the button to download the full report “Devising a Growth Strategy for Puerto Rico” The “CNE Growth Commission” will work on a new growth strategy for the island June 15, 2016 – The Center for a New Economy (CNE) unveiled today in San Juan a joint report prepared with the Initiative for Policy Dialogue (IPD) Read More
