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Facing Puerto Rico’s “unpayable” debt: how did Congress create the PROMESA Act?
Key figures in those early discussions in Washington, D.C., recall the efforts to create a mechanism that would allow the island to address its severe fiscal crisis
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Timeline cronologica
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Ante la “impagable” deuda de Puerto Rico: ¿cómo se creó la ley Promesa en el Congreso?
Protagonistas de esas primeras conversaciones en Washington D. C. rememoran los esfuerzos de crear un mecanismo para que la isla atendiera su grave crisis fiscal
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A 10 años de Promesa: Las deudas pendientes
Esta semana se cumplen 10 años desde que el presidente Obama firmó la Ley para la Supervisión, Administración y Estabilidad Económica de Puerto Rico, conocida como Promesa.…
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10 years after PROMESA: unfinished business
This week marks 10 years since President Obama signed the Puerto Rico Oversight, Management, and Economic Stability Act, known as PROMESA. It is impossible to forget the ruinous…
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Facing Puerto Rico’s “unpayable” debt: how did Congress create the PROMESA Act?
Key figures in those early discussions in Washington, D.C., recall the efforts to create a mechanism that would allow the island to address its severe fiscal crisis
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PROMESA’s end “will depend on government willingness”, says Fiscal Oversight Board Director, Robert F. Mujica
The executive reveals that the body is working on the new structure that would end the budget control cycle, but warns that achieving the transformation Puerto Rico needs is the…
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How did the Fiscal Oversight Board reduce Puerto Rico’s debt? David Skeel and Arthur J. González recount the major decisions
Both agree that although the federal PROMESA law curtailed the island’s self-governing powers, it would be “a tragedy” to return to the mistakes of the past
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Antonio Weiss, architect of PROMESA: “We needed a proposal with bipartisan support”
The former counselor to the U.S. Treasury secretary spoke with El Nuevo Día a decade after the enactment of the law that created Puerto Rico’s Fiscal Oversight Board and a…
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On PROMESA’s 10th anniversary, Pablo José Hernández says Puerto Rico “lost much of its self-government”
The Resident Commissioner in Washington and president of the PPD—who spoke with El Nuevo Día and delivered a speech on the House floor—views the statute as “a setback” for the…