The governments of Puerto Rico and the Dominican Republic inked an agreement Thursday establishing a bilateral strategy that should spur projects to benefit both islands in education, agriculture, energy costs and tourism, Secretary of State David Bernier announced.
Puerto Rico’s economy will need about $10 billion in new investments over the next three years to grow by at least 3.3 percent annually and find its way back to more prosperous pre-recession levels. In the absence of such an unlikely windfall, it will take more than a decade to circle back to acceptable levels of progress.
Walmart Puerto Rico announced this week that as part of its efforts to strengthen local agricultural production, it recently signed agreements to buy large amounts of onions and oranges from local farmers.
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