Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA): A way forward

September 2016

Overview

PROMESA law focuses on improving Puerto Rico economic policy and debt restructuring, and to prevent the Government of Puerto Rico from defaulting on a debt payment.

The PROMESA legislation offers the opportunity for Puerto Rico to fundamentally reshape its economic and fiscal prospects and create a basis for sustained growth.

 

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David Walker
Strategic Advisor & Former US Comptroller General
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