The Center for American Progress has launched the “Puerto Rico Relief and Economic Policy Initiative,” a program that will focus on immediate-term hurricane response efforts for Puerto Rico, with an eye toward long-term planning, economic recovery, and solvency.
A group of Puerto Rico Sales Tax Financing Corp. (known as COFINA in Spanish) stakeholders expressed concern about the government’s alleged release of inaccurate information about Sales and Use tax (SUT) collections.
In a market where population is steadily declining, the economy has contracted and the fiscal situation has been in a downward spiral, it has become a challenge for financial institutions to keep their deposit levels growing.