Sunday, May 28, 2023

A New Look at Acts 20/22

By on February 10, 2022

As we begin 2022, there are several key positive developments that facilitate Puerto Rico’s future path. Yet as we look beyond this year, we should focus on adding crucial pieces to support a healthy economy once again, keeping in mind the hard lessons learned over the course of the past 10 years or so.

After five long years of negotiations, we finally have a Fiscal Plan of Adjustment approved by the Federal Court that allows us to exit bankruptcy. In addition, federal reconstruction funds will finally begin to flow in the economy as several projects are set in motion, creating jobs and economic activity. Soon, more funds will pour into the economy from the Infrastructure Investment and Jobs Act of 2021. It all sounds promising, but it is not sufficient to promote sustainable economic development.

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