CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
A special edition on the PREPA-LUMA agreement. After 15 months, LUMA is falling short, but terminating the contract without a successor operator would be just as irresponsible. We outline three scenarios and their consequences.
With food prices rising, we review the USDA’s updated feasibility study on implementing SNAP in Puerto Rico. The benefits outweigh the costs, provided the transition protects those who could lose eligibility.
A special housing edition dedicated to our founding Chairman, Churchill G. Carey, Jr. We summarize CNE’s research on emergency housing relief, neighborhood change, displacement and short-term rentals five years after Hurricane Maria.
With the debt restructuring over, reconstruction funds flowing and the pandemic easing, 2022 offers Puerto Rico the opportunity of a generation. We argue it will only pay off with a real economic strategy, not just incentives and structural reforms.
Tax reform is back on Puerto Rico’s agenda. We propose seven principles for a comprehensive reform, from broadening the base and lowering rates to making the system fairer, plus a note on inflation and the war in Ukraine.
After the third failed attempt to restructure PREPA’s debt, we offer five recommendations for any new deal, including a solvent PREPA, drastic debt reduction and no securitization. Plus a reading list on the war in Ukraine.
We highlight key parts of the Oversight Board’s Fiscal Plan for FY2022, from debt restructuring and Medicaid to pensions and the UPR. Plus a Note from the Editor on politicians who have learned nothing from the bankruptcy.
We outline six topics to watch in 2022: the pandemic, the debt restructuring, Hurricane Maria reconstruction, the midterm elections, inflation and the return of geopolitics. Plus what our Madrid bureau will be following this year.
