Eric LeCompte, Executive Director of Jubilee USA, recently spoke with the Nonprofit Quarterly about the recent COFINA debt deal on Puerto Rico debt. Read an excerpt below and follow this link to the full article.
Puerto Rico Finalizes First Debt Restructuring, but at a High Cost
Still, debt remains a major obstacle to recovery. Eric LeCompte, who directs Jubilee USA, a network of community and faith-based organizations, tells Bradford that, “The math isn’t adding up. If plans to restructure the remaining debt fail to cut the majority of the island’s debt load, Puerto Rico can’t see sustained economic recovery and growth.”
Read more here.