¿Pero Por Qué?: Beyond the headlines in Latin America

8. PROMESA in Puerto Rico


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On Episode 8, we discuss the latest COVID-19 news out of Puerto Rico and the ongoing political protests. We also dig into the fallout from the 2016 Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), which established an external financial oversight board to manage the government debt crisis but has led to even more political and economic turmoil on the island.

LINKS:

The McKinsey Way to Save an Island: https://nymag.com/intelligencer/2019/04/mckinsey-in-puerto-rico.html

Puerto Rico's Economic Future Remains Clouded by the Debt Restructuring Plan: https://www.opendemocracy.net/en/oureconomy/puerto-ricos-economic-future-remains-clouded-by-the-debt-restructuring-plan/

Puerto Rico Wanted Tourists, But With Coronavirus Spiking, It Has Changed Plans: https://www.nbcnews.com/news/latino/puerto-rico-wanted-tourists-coronavirus-cases-spiking-they-ve-changed-n1234624

Puerto Rico's Colonial Model Doesn't Serve Its People: https://foreignpolicy.com/2020/07/31/puerto-rico-united-states-colonial-model-ricardo-rossello-wanda-vazquez-statehood-referendum/

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¿Pero Por Qué?: Beyond the headlines in Latin AmericaBy Molly McLaughlin