Puerto Rico’s economic activity showed slight growth in January and February 2021, with 118.8 and 119.3 points, respectively, but took a tumble year-over-year with drops of 3.2% in January and 2.3% in February 2020. Puerto Rico Economic Development Bank President Luis Alemañy said the Economic Activity Index (EAI-BDE) analysis period includes the months when the […]
uerto Rico’s Economic Activity Index, released by the Economic Development Bank, revealed a 6.4% year-over-year drop in December 2020, marking the 10th consecutive decline after 20 months of year-on-year increases. Agency President Luis Alemañy said the EAI reached a level of 115.7, which was essentially flat — showing a 0.3% increase — when compared to […]
The Economic Development Bank for Puerto Rico got approved and will receive $1 million from the U.S. Department of Agriculture’s Rural Development office, EDB President Luis Burdiel announced. “This capital injection will be used to provide loans for small and medium enterprises in rural areas of the island to promote new job creation,” Burdiel […]