The Need for the Establishment of a Puerto Rico Financial Stability and Economic Growth Authority - Prijzen

The Commonwealth of Puerto Rico finds itself in dire economic circumstances. As of the end of 2015, it had over $70 billion of debt – excluding pension obligations, which exceed $40 billion. The debt is expected to grow by another $27 billion over the next 5 years. Puerto Rico's fiscal situation was further compromised on January 4, 2016 when Puerto Rico defaulted on $174 million owed to holders of municipal debt in order to cover higher-priority...

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The Need for the Establishment of a Puerto Rico Financial Stability and Economic Growth Authority
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