Espacios Abiertos: COVID-19 has changed the rules of the game
Since the economic crisis faced by Puerto Rico in the grip of the COVID-19 pandemic has seriously aggravated the local economy, Espacios Abiertos is calling for a moratorium on the island’s debt repayments.
“When we analyze the international context and the situation of Puerto Rico in the light of the economic projections contained in the most recent fiscal plan, published by the Puerto Rico Fiscal Agency and Financial Advisory Authority on May 3, it becomes clear that the austerity policies proposed in all the fiscal plans certified so far have contributed to a worsening of the current crisis and, in the final analysis, the unsustainability of the public debt,” said economist and Espacios Abiertos Senior Public Policy Analyst, Daniel Santamaría Ots.
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