CNE Review – May 27, 2021
In the first edition of our new publication, the CNE Review, we take stock of the post-storm reconstruction and recovery process as we approach the beginning of yet another hurricane season in the Atlantic Ocean.
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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.
Prioridades
En el Centro para una Nueva Economía, al igual que el resto de Puerto Rico, hemos quedado conmocionados y visto con gran consternación los hechos recientes de violencia de género que han provocado la muerte de hermanas puertorriqueñas.
Oversight or Punishment?
Last week, the Office of the Inspector General of the HUD released a 45-page report which detailed the multiple instances when the political leadership in OMB, a critical control center within the Executive Office of the President, purposefully delayed processes to release disaster aid.
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.
Weekly Review – April 29, 2021
This week, we analyze the recent report released by HUD’s Inspector General, which describes the Trump administration’s shenanigans in disbursing hurricane relief aid to Puerto Rico. Then we provide a brief analysis of the role of federal funds in the new Fiscal Plan for Puerto Rico, certified by the FOMB. Our Data Snapshot presents a quick update on the status of CDBG-DR funding for Puerto Rico.
Beyond LUMA: Some Lessons from the International Experience Restructuring Electricity Markets
The agreement between PREPA and LUMA Energy for the operation and management of Puerto Rico’s electric grid has been in the public spotlight recently. Many private sector organizations, as well as multiple NGOs, have pointed out the deficiencies of that agreement. Yet, canceling or terminating the agreement with LUMA will not solve Puerto Rico’s electricity problems.
Weekly Review – April 22, 2021
This week, we a look at how Puerto Rico has fared in Washington, D.C. during the first one hundred days of the Biden Administration. Then we take a look at some of the lessons we can draw from the international experience restructuring electricity markets. Our Data Snapshot this week focuses on the U.S. National Intelligence Council’s forecast of an era of state tension, turbulence, and transformation, as the gap between public demands and state capabilities expands.