Puerto Rico

Publications

, RealClearMarkets
The Oversight Board Keeps Working On Puerto Rico’s Record Insolvency
Alex J. Pollock

The government of Puerto Rico continues to hold the all-time record for a municipal insolvency, having gone broke with over $120 billion in total debt, six times as much as the second-place holder,…

, Real Clear Markets
Unfunded Pensions: Watch out, bondholders!
Alex J. Pollock

A reorganization plan for the debt of the government of Puerto Rico was submitted to the court Sept. 27 by the Puerto Rico Oversight Board. It covers $35 billion of general obligation and other…

, Bond Buyer
Puerto Rico disaster aid money no relief for bondholders

From Bond Buyer:

“The disaster relief money can’t legally be used to pay debt holders but it will produce greater economic activity and additional tax revenues,” said Alex J. Pollock,…

, Metro PR
Cuestionan definición de servicios esenciales
Alex J. Pollock

From Metro PR:

Amanda Rivera, directora ejecutiva del Instituto del Desarrollo de la Juventud de Puerto Rico; Ana Cristina Gómez, profesora de la Escuela de Derecho de la Universidad de Puerto…

, El Nuevo Dia
Demócratas y republicanos parecen ir por caminos distintos sobre la ley Promesa
Alex J. Pollock

From El Nuevo Dia:

El experto en finanzas Alex Pollock, del grupo R Street y quien fue invitado a la audiencia por la minoría republicana, recomendó que la JSF tenga más poderes y pidió al…

, The Weekly Journal
U.S House Natural Resources Committee Holds Hearing on Puerto Rico
Alex J. Pollock

From The Weekly Journal:

The U.S. House Committee on Natural Resources holds a hearing today on the status of Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA): Lessons…

Testimony to the House Committee on Natural Resources at Hearing on “The Status of the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA): Lessons Learned Three Years Later”
Alex J. Pollock

May 2, 2019

Six Lessons

Mr. Chairman, Ranking Member Bishop, and Members
of the Committee, thank you for the opportunity to be here today.  I am Alex Pollock, a senior fellow at the…

A state-owned bank for New Jersey?
Alex J. Pollock

New Jersey Gov. Phil Murphy and some supportive state legislators are promoting the idea to establish a bank owned by the state, holding the state’s deposits and making loans considered politically…

, The Hill
The key to helping Puerto Rico is removing politics from electricity
Devin Hartman

Puerto Rico has struggled to rebuild after Hurricane Maria knocked out power in September, and a big reason is the island’s energy system. The Puerto Rico Electric Power Authority (PREPA) does not…

Puerto Rico: Storms and savings
Alex J. Pollock

Puerto Rico has a long history of many disastrous hurricanes, as once again this year with the devastating Hurricane Maria. These disasters recur frequently, historically speaking, in an island…

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