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Puerto Rico is facing a severe fiscal crunch; its general obligation bonds are rated junk status and the government has said that a 2.9 billion dollar bond issuance -- at risk…
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DOI: 10.1108/OXAN-DB199392
ISSN: 2633-304X
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The island's government and public agencies hold 72 billion dollars of debt obligations, but migration to the mainland United States, political unwillingness to cut spending and…
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DOI: 10.1108/OXAN-DB207677
ISSN: 2633-304X
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Under the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) passed by the US Congress earlier this year, the oversight board can set the island’s fiscal…
PUERTO RICO: Debt crisis will go to court
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DOI: 10.1108/OXAN-ES203315
ISSN: 2633-304X
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PUERTO RICO: Default would not spur US federal action
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DOI: 10.1108/OXAN-ES207027
ISSN: 2633-304X
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PUERTO RICO: Debt freeze will accelerate crisis
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DOI: 10.1108/OXAN-ES210384
ISSN: 2633-304X
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Post-default politics in Puerto Rico.
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DOI: 10.1108/OXAN-DB213057
ISSN: 2633-304X
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Puerto Rico has suffered from an inability to service its debts, as its economy has been in or near recession since 2005. Its population has declined -- especially the working age…
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DOI: 10.1108/OXAN-DB197864
ISSN: 2633-304X
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Fiscal pressures are causing controversy in Puerto Rico, but so too is fiscal policy-making. On July 5, Governor Ricardo Rossello announced that he would seek a court injunction…
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DOI: 10.1108/OXAN-DB236100
ISSN: 2633-304X
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The island is in a debt crisis, with the governor acknowledging that it cannot pay off all its debt. While the overall debt burden is not excessive by national standards, a…