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,…

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…

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,…

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…

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…

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…

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…

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…

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 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…