Eric LeCompte, Executive Director of Jubilee USA was recently featured in The Bond Buyer speaking on the loan delay for Puerto Rico disaster relief. Read excerpt below and follow link to full article.
U.S. Treasury Secretary says Puerto Rico Loan Delay is Island Government’s Fault
By: Robert Slavin
Eric LeCompte, executive director of Jubilee USA -- a non-profit devoted to the forgiveness of debt on humanitarian grounds -- said the priority should be to get money for rebuilding distributed as fast as possible.
"Almost six months after Hurricane Maria, we are still dealing with real human and economic suffering," he said. "It seems everyone is trying to work together to get the first installment of financing sent and it needs to be urgently sent."
LeCompte continued: “More long-term, everyone who cares about Puerto Rico also cares about greater public budget transparency on the island. Fortunately there are paths moving forward. We do have some processes that are improving transparency like the ongoing bankruptcy process and Treasury's Office of Technical Assistance on the ground."
Read more here.