For Immediate Release
Phone: 202.783.3566
Email: coord(at)jubileeusa.org
Puerto Rico Requests Continued Debt Lawsuit Protection
WASHINGTON - Puerto Rico's Governor is asking Congress to extend protections against debt lawsuits as the island charts a path for economic recovery. Governor Ricardo Rosselló submitted a fiscal plan to Puerto Rico's "control" board requesting the board ask Congress to continue debt lawsuit protection beyond May to the end of 2017.
"There should really be a moratorium on debt payments until the debt is restructured,” noted Eric LeCompte, Executive Director of the religious development organization Jubilee USA. LeCompte, a global debt expert, testified before Puerto Rico's oversight board last November. "No matter what, Puerto Rico needs continued protection and more breathing space until this debt crisis is resolved.”
Congress included the original stay in the Puerto Rico Oversight, Management and Economic Stability Act, passed last summer to address Puerto Rico's debt crisis. The board then extended the stay from February 15 to May 1 but congressional action is required to extend it further.
Read the governor's fiscal plan
Read more about the fiscal plan
This is the world we live in. This is the world we cover.
Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Won't Exist.
Please select a donation method:
