PROMESA, Puerto Rico’s Recipe for Disaster

Author

Cristina M. Corujo OruñaFollow

Graduation Date

Fall 12-13-2019

Grading Professor

Greg David

Subject Concentration

Business & Economics

Degree Name

Master of Arts (MA)

Abstract

PROMESA was signed with the purpose of helping the island’s economy recover from its crippling indebtedness. But three years later, the law has caused financial and social instability. Although, PROMESA grants Puerto Rico the right to file for bankruptcy, the effects of the law are worsening the island’s situation. Austerity measures, high costs, migration and a deeper economic recession are drowning the island.

Link to Capstone: https://medium.com/@cristina.oruna/promesa-puerto-ricos-recipe-for-disaster-1eadde7b6719

Recommended Citation

Corujo Oruña, Cristina M., "PROMESA, Puerto Rico’s Recipe for Disaster" (2019). CUNY Academic Works.
https://academicworks.cuny.edu/gj_etds/381