(Washington, DC) – Puerto Rico Economic Recovery Initiative (PRERI) Executive Director Javier Ortiz released the following statement on the House of Representatives passing the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA): “Speaker Paul Ryan, Chairman Rob Bishop, Congressman Raul Grijalva and Congressman Sean Duffy deserve a tremendous amount of credit for crafting a…
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Argentina settled with disgruntled creditors led by billionaire Paul Singer’s Elliott Management, who had sued the country over its $95 billion default in 2001, putting an end to an epic legal battle that had dragged down South America’s second-largest economy. Talks between government officials and the investors, including hedge funds Aurelius Capital Management, Davidson Kempner,…
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Washington – Puerto Rico Economic Recovery Initiative (PRERI) Executive Director Javier Ortiz today applauded the House Committee on Natural Resources and the House Financial Services Committee for holding hearings on Puerto Rico’s debt crisis: “We are grateful to Chairman Rob Bishop and Chairman Sean Duffy for their unwavering support to the Americans living in Puerto…
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