FOR IMMEDIATE RELEASE
January 19, 2016
Contact: Ryan Williams
PUERTO RICO ECONOMIC RECOVERY INITIATIVE PRAISES HOUSE COMMITTEE FOR HOLDING HEARING ON PUERTO RICO FINANCIAL STABILITY AND ECONOMIC GROWTH AUTHORITY
Washington, D.C. – Puerto Rico Economic Recovery Initiative (PRERI) Executive Director Javier Ortiz today praised the House Indian, Insular and Alaska Native Affairs Subcommittee for announcing that it will hold a hearing on the potential for establishing a Puerto Rico Financial Stability and Economic Growth Authority:
“We applaud Chairman Don Young for calling a hearing of the House Indian, Insular and Alaska Native Affairs Subcommittee to explore the establishment of a Puerto Rico Financial Stability and Economic Growth Authority to address the island’s debt crisis. This is an important step, consistent with Speaker Ryan’s commitment to developing a strong foundation for addressing the dire situation Puerto Rico faces.
“Debt restructuring, strong fiscal discipline and robust economic development are key for the long term viability of Puerto Rico’s economy. We stand ready to help in Puerto Rico’s revitalization.”