Following the Puerto Rico government’s confirmation Tuesday that negotiations with Rico Sales Tax Financing Corporation (known as COFINA) and General Obligation bondholders had broken off, both creditor groups went public to defend their positions on the ongoing talks.
The Abdul Latif Jameel Poverty Action Lab (J-PAL) North America, a research center at MIT, announced Tuesday that Puerto Rico is among five state and local governments that have been selected to participate in the J-PAL State and Local Innovation Initiative.
Children and youth in Puerto Rico continue to live in families facing enormous economic challenges, with some 84 percent residing in areas of extreme poverty and the parents of more than half lacking full-time, year-round employment.
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