Departing Barbados diplomat lists Caribbean concerns
June 30, 2016
WASHINGTON — Ambassador John Beale of Barbados, who steps down today as his island’s top diplomat here after six and a half years in Washington, recently answered some tough questions — ranging from the long-term impact of improving U.S.-Cuba relations on regional tourism to whether Caribbean islands are doing enough to fight international tax evasion.
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Economists: Several aspects of PROMESA illegal, harmful
June 27, 2016
Members of the Puerto Rico Economists Association believe there are several aspects of the Puerto Rico Oversight, Management, and Economic Stability Act that are unconstitutional, saying the disruption they could bring to the island are “incalculable.”
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P.R. tourism leaders agree on need for industry stats
June 6, 2016
More than a handful of local tourism leaders gathered for a panel discussion hosted by the Foundation for Puerto Rico concurred there is a need for a multi-sector tourism statistics database to be able to gauge the visitor economy and its economic impact.
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USDA announces measures to lift Puerto Rico economy
June 3, 2016
Agriculture Secretary Tom Vilsack announced Thursday several measures to strengthen rural opportunity in Puerto Rico, including designating the Eastern Region as a federal “Promise Zone.”
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Jamaican officials visit D.C. looking for investors
May 16, 2016
WASHINGTON — Jamaican Prime Minister Andrew Holness, who took office only two months ago, visited Washington last week along with his top economic aide to pitch the Caribbean island nation as an ideal destination for U.S. investment.
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CNE stresses ‘sense of urgency’ for Congressional action
April 29, 2016
Center for a New Economy representatives on Thursday stressed the urgency for Congressional action, but cautioned that any bill approved in Washington must provide Puerto Rico with a debt restructuring mechanism “that will actually work.”
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P.R.’s agriculture sector bright spot in local economy
April 4, 2016
Mired in recession and awaiting a fix for its huge debt crisis, Puerto Rico has one bright spot in the local economy: Agriculture.
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Foundation for P.R. unveils visitor economy study
March 17, 2016
An important part of the local economy, and the only one showing growth, tourism represents a great opportunity for growth in the short and medium term for Puerto Rico, according to the findings of a study released by the Foundation for Puerto Rico Wednesday.
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Lack of reliable data hinders P.R.’s ‘economic liberty’
March 8, 2016
The lack of available, reliable economic data and a deficiency in transparency from the government are several key factors that must be addressed for Puerto Rico to improve its ranking in an index published annually by The Heritage Foundation, local economists said Monday.
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Japan, LatAm lift economic ties as Pacific growth slows
March 8, 2016
WASHINGTON — From salmon farming in southern Chile to shipbuilding in landlocked Paraguay, Japanese companies are pursuing investments throughout Latin America — with an eye toward future opportunities under the Trans-Pacific Partnership.
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Op-Ed: ’09-’14, Huge inflow of resources with no growth
March 4, 2016
In the years between 2009 and 2014, the economy of Puerto Rico had an inflow of funds (federal government and other sources) of about $110 billion.
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D.C. forum to explore fiscal responsibility law for P.R.
March 1, 2016
Chile’s former finance minister and an ex-lieutenant governor of New York will be among five panelists appearing Wednesday in Washington, D.C., to discuss how a Fiscal Responsibility Law (FRL) might help stabilize Puerto Rico’s public finances and overhaul the island’s fiscal infrastructure.
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AEI panelists ponder what’s next for P.R.’s economy
February 25, 2016
Puerto Rico’s fiscal crisis is the direct result of poor governance and mismanagement, and an inefficient welfare system and over-regulation is only making things worse, argued a five-member expert panel meeting in Washington.
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Trade expert offers tips to revive P.R.
February 17, 2016
WASHINGTON — José Raúl Perales, a Santurce-born regional trade expert who spent years advising the Puerto Rican government — and later the U.S. private sector and the Department of Homeland Security — says bankruptcy protection and tax breaks alone won’t help the island regain its long-term competitiveness against global rivals.
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Private Sector Coalition continues DC lobbying efforts
February 11, 2016
Leaders of Puerto Rico's Private Sector Coalition continued their push in Washington DC for the enactment of economic development measures for the commonwealth as the true way out of the fiscal crisis.
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