On Nov. 6, the Brookings Institution — one of Washington’s most prestigious think tanks — will delve into the origins of Puerto Rico’s $73 billion debt crisis and what can be done to nurse the island’s ailing economy back to health.
Puerto Rico has been selected to host 96 events including, conferences, annual meetings and sports activities for this winter season. This represents an estimated 40,894 room nights and a total direct spending of $23 million into the local economy, Meet Puerto Rico President Milton Segarra said Monday.
A renewed slide in investor confidence, on the heels of worsening economic and budgetary trends in Puerto Rico, raises the specter that in the absence of enlightened political leadership in San Juan, the U.S. Congress may soon have to establish a federal oversight board to manage the Commonwealth’s grave fiscal situation.
A Dow Jones/Factiva content provider since 2014
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