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Puerto Rico Fiscal Plan: No Debt Service Payments for 5 Years

HeadlineJan 26, 2018
H8 puerto rico

Puerto Rico says after the island was hit by the devastating Hurricane Maria, it will not pay any of its debt service payments for the next five years. That’s according to Puerto Rico’s new fiscal plan, which must be approved by Puerto Rico’s unelected, congressionally imposed fiscal control board. Meanwhile, Harvard students are demanding their university divest its $2 billion commitment with Baupost Group, a Boston-based hedge fund that is a large holder of Puerto Rico’s debt.

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