Puerto Rico Shares Economic-Recovery Plan Details
Puerto Rico’s government has unveiled details of an economic-recovery plan to pull itself out of a nearly eight-year recession as it whittles down $73 billion in public debt.
The plan calls for improving schools, strengthening tourism and agriculture sectors and reducing power costs, among other things.
Gubernatorial Chief of Staff Ingrid Vila said Tuesday that Puerto Rico aims to have 2-percent economic growth by 2018. She said it’s a goal consultants have said would require some $12 billion in investment.
Puerto Rico economist Martha Quinones said in a phone interview that it is unclear whether all the goals can be realistically met. She questions whether the island will reach 2-percent growth in four years, noting that new investment takes time to generate growth.
This article appeared in print in edition of Hamodia.
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.