Puerto Rico’s debt service payment could be reduced to zero in the short-term, when the Financial Oversight and Management Board for Puerto Rico modifies the fiscal plan to readjust it to the island’s new panorama following the humanitarian crisis provoked by the passage of a category 4 hurricane through the island.
Puerto Rico Trade and Export announced Tuesday a new methodology and sampling to be used to develop the island’s retail sales report, looking to publish a more accurate result by Puerto Rico’s commercial establishments, the agency’s executive director Ricardo Llerandi said.
Puerto Rico has been included for the first time in the International Monetary Fund’s World Economic Outlook report released Tuesday, opening doors for future economic development, local executives in charge of representing the island before the entity said.
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