CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
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In this first edition of 2021, we first present a memo to the federal government on the priorities for Puerto Rico that they should focus on as the new administration begins its work. We also present a memo to the local designated Housing Secretary on the issue of coronavirus emergency rental assistance for Puerto Rico. Finally, our data snapshot shows the Commonwealth’s cash balance.
In general, the new Administration should focus its energy on providing the residents of Puerto Rico equal access to federal programs and funding so it can avoid poverty traps and spur economic growth.
The Consolidated Appropriations Act of 2021 included $25 billion in emergency rental assistance for FY 2021, with a $400 million carve-out for Puerto Rico, U.S. Virgin Islands, Guam, American Samoa, and the Commonwealth of Northern Mariana Islands. The Secretary of the Treasury will make allocations based on population size and eligibility.
Last night President Trump took to Twitter to threaten with a Presidential veto the long-awaited COVID relief bill. The current short-term continuing resolution (CR) also expires next Tuesday, December 29, meaning that Congress has little time to make adjustments to the Covid relief bill.
Han pasado más de tres años desde que los huracanes Irma y María nos azotaron sin piedad, y todavía la reconstrucción posdesastre parece una promesa lejana y sin cumplir.
This week, the CNE Team has put together a summary of some of the issues we think will be relevant during 2021. We have broken them down into four categories: the pandemic; the economy; the reconstruction; and international trends. We hope you find this summary useful as you plan the year ahead.
In 2020, CNE produced hundreds of daily briefings and weekly reviews, policy briefs, empirical research reports, evidence-based analyses, and op-eds. This week we highlight ten of them because they garnered the most interest from our readers and are particularly relevant to the challenges Puerto Rico faces.
This week we celebrate a milestone as CNE turns 22. We have a special message from our founder and president to commemorate the occasion. We then have a report regarding some effective public health policies implemented in Valencia. We close with an analysis of the most recent Plan of Adjustment proposed to Puerto Rico’s creditors by the FOMB.
