CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
Stay informed on key issues and policy matters regarding Puerto Rico by browsing our extensive list of publications.
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En el Centro para una Nueva EconomĆa, al igual que el resto de Puerto Rico, hemos quedado conmocionados y visto con gran consternaciĆ³n los hechos recientes de violencia de gĆ©nero que han provocado la muerte de hermanas puertorriqueƱas.
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.
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.
This week, we analyze the recent report released by HUDās Inspector General, which describes the Trump administrationās 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.
The agreement between PREPA and LUMA Energy for the operation and management of Puerto Ricoās 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 Ricoās electricity problems.
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 Councilās forecast of an era of state tension, turbulence, and transformation, as the gap between public demands and state capabilities expands.
In Washington D.C., the symbolic deadline for a new President to make a lasting imprint on the nation is exactly 100 days. After all, first impressions matter. As the Administration and the new Congress near their 100-day mark respectively Puerto Rico has, for better or worse, not been lost in the mix of national priorities.
In this edition, we share highlights summarizing CNE’s remarks in the April 12 public hearing where the contract between PREPA and LUMA was discussed. We also include links to each of the major concerns of the contract that CNE identified in its report and recommendations as to how to approach them.
