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Promesa, Puerto Rico’S Recipe For Disaster, Cristina M. Corujo Oruña
Promesa, Puerto Rico’S Recipe For Disaster, Cristina M. Corujo Oruña
Capstones
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