February 5, 2023

Puerto Rico: The financial implications of dependency

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By Emma Scully Research Associate at the Council on Hemispheric Affairs From Caribbean News Now On Monday, August 3, Puerto Rico’s Public Finance Corporation defaulted on a $58 million USD bond payment, the island’s first debt nonpayment in its 117 years as a US territory. Puerto Rican Governor Alejandro García Padilla has called the $72 […]