Puerto Rico Governor Open to Bondholder Negotiations

The transcript discusses the economic situation in Puerto Rico, focusing on the $7 billion shortfall and the pressure on bondholders. It emphasizes the importance of open communication and negotiation with bondholders, highlighting the need for a certified plan to avoid default. The speaker advocates for creative solutions and transparency to design a path forward that benefits all stakeholders.

What is one of the main economic challenges mentioned for Puerto Rico?

• A decrease in unemployment

• A surplus in the budget

• A $7 billion shortfall

• An increase in tourism

Why is a certified plan important for Puerto Rico's negotiations with bondholders?

• To increase tourism

• To avoid default and ensure payments

• To reduce taxes

• To improve infrastructure

What is emphasized as crucial for successful renegotiation with bondholders?

• Open communication and willingness to pay

• Expanding the workforce

• Reducing public services

• Increasing taxes

What was lacking in past negotiations with bondholders?

• International aid

• Government support

• Visibility and transparency

• Public interest

What is the goal of designing a path forward in negotiations?

• To benefit all stakeholders

• To eliminate public debt

• To increase government control

• To reduce foreign investment