How To Spend Recovery Funds: Insights From Puerto Rico
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Puerto Rico recently received long-delayed funds to rebuild its infrastructure and economy, both having been hammered by storms as well as the recent global pandemic. Manuel Cidre Miranda, a longtime entrepreneur and businessman who became secretary of Puerto Rico’s Department of Economic Development and Commerce in January, talks about recovery, rebuilding and lessons the island has learned from past experience about how to spend wisely for long-term resilience.
July 08, 2021
Puerto Rico rebuilds from Hurricane Maria.
Global Finance: After a long holdup under the Trump administration, Puerto Rico is finally receiving much-needed reconstruction funds from various government sources, including, most recently, for education. What are the estimates of what is needed, and what are the near-, mid- and long-range priorities for spending on recovery?
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