Puerto Rico Religious Leaders Criticize Debt Plans and Negotiations
For Immediate Release
Friday, November 16, 2018
Organization Profile:
Jubilee USA Network
Contact:
202.783.3566 ex. 106
WASHINGTON - Puerto Rico's Catholic Archbishop and an Evangelical leader who heads the island's bible society criticized a debt agreement and ongoing debt negotiations. "We are strongly opposed to the COFINA debt deal," wrote the religious leaders in a statement referencing a recently approved plan on a type of debt backed by sales taxes. The plan was approved by Puerto Rico's government and oversight board and covers about $17 billion of the total $72 billion debt of the US Territory. A year ago, Puerto Rico was decimated by two hurricanes.
"Before the hurricanes, we wrestled with the fact that nearly 60% of our children lived in povert...
