After devastating hurricanes in September 2017 shut down the island’s electricity grid, left thousands of residents homeless and destroyed schools, hospitals and businesses, Puerto Rico’s recovery has taken longer than had been hoped. And as foreign banks evaluate their presence on the island, its ability to attract much-needed investment is being hindered by a series of lawsuits related to its sovereign debt restructuring.
While federal aid and new initiatives may support Puerto Rico’s economy, resolving tensions with existing investors is a key priority to putting the island on the path to growth.
