Puerto Rico: Authorities Seek Debt Moratorium

teleSUR English 2015-07-01

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After years of slow or negative growth, a report by IMF and World Bank officials says that Puerto Rico’s $73US billion public debt is unsustainable. The government of the island nation is asking bondholders to discuss a moratorium on its unpayable public debt, and has named a working group to negotiate the suspension of payments. teleSUR

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