The focus on economic growth comes after the board oversaw a bankruptcy-like process in which Puerto Rico’s debt dropped to $34 billion from more than $70 billion, an amount the government had ...

Puerto Rico has suffered a 9% population decline in the past decade, worsening the island’s debt crisis and challenging the survival of its hospitals and health-care system.

Puerto Rico filed for bankruptcy in 2017. ... Tuesday’s court ruling approved a write-down of $30.5 billion in public debts built up during an economic decline marked by high joblessness, ...

Puerto Rico famously has more Walgreens and Wal-Mart stores per square mile than anywhere else in the United States and the world. For the past decade, the island’s economy has steadily declined.

Moody’s Analytics is projecting the Puerto Rico economy will contract in a range of 17% to 19.6% from early 2019 to late 2028. The projection came in a report by Moody’s Analytics Economist ...

And overly optimistic assumptions about the willingness of Puerto Ricans to stay on-island while Puerto Rico’s economy continued to decline. The island’s pre-Maria fiscal plan assumed ...

Puerto Rico's economic problems are directly related to the decline of its pharmaceutical industry when Internal Revenue Code Section 936 was repealed. Various leading pharmaceutical companies ...

In 2016, the US Congress then passed the “Puerto Rico Oversight, Management, and Economic Stability Act” (PROMESA), to create a framework for Puerto Rico to restructure its debt.

Long before the winds of Hurricane Maria reached Puerto Rico, another disaster had been wrenching and scattering the lives of island residents. During the decade before Maria, economic decline and ...

Puerto Rico’s difficult challenges pose a clear choice to US policymakers. They can either come up with a comprehensive and far-reaching economic support package for the island that gives the ...

* Moody's on Puerto Rico - expect about $52 billion of debt to be included in a restructuring achieved by either creditor negotiations or a judicial decision * Moody's says in terms of financial ...