Eric LeCompte, Executive Director of Jubilee USA, recently spoke with the Pensions & Investments about the recent COFINA debt deal on Puerto Rico debt. Read an excerpt below and follow this link to the full article.
First Puerto Rico debt restructuring deal approved for COFINA
Civil rights, faith-based, labor and advocacy organizations are pressing for more debt-reduction agreements. "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," said Eric LeCompte, executive director of Jubilee USA, a network of community organizations and faith communities.
Read more here.