Economic Recovery Initiative – Puerto Rico

About Us

Policy Objectives

U.S. policymakers hold the keys to immediately address the debt crisis in Puerto Rico. Some of these tools can be immediately deployed to alleviate the crisis, while others are necessary to address the medium-to-long term challenges that Puerto Rico is facing. FixPuertoRico funds non-partisan educational studies, research and analysis of the issues facing Puerto Rico.

FixPuertoRico is engaged in in-depth examinations and discussions of broad the social and economic problems facing Puerto Rico and will make requests for technical advice from experts.

FixPuertoRico believes that policies must be put in place that allow for the responsible restructuring of Puerto Rico government debt. We believe that Puerto Rico’s governing structures must be reformed through the creation of an administrative authority that will reform the governance of the island.

Broad Ideas

• The mechanism and process to allow Puerto Rico to reset its public sector debt and avoid costly and protracted negotiations with multiple credit groups
• Requiring third-party supervision of Puerto Rico public sector finances and recovery plan.
• Modernizing P.R.’s fiscal governance and improve transparency. Items like accounting, budgeting, expense controls, and cash management are very important.
• Supporting the island’s economic recovery through infrastructure investment and reforms to relevant federal tax, banking and labor policies.
• Creating the incentives required to formalize the large informal economy.
• The level of federal Medicare Advantage reimbursements in Puerto Rico, and action to stabilize the island’s Medicaid program.