Skip to content
Subscriber Only

Puerto Rico Bondholders Await Release of New Recovery Plan

Video player cover image
A Tale of Two Puerto Ricos
Updated on

Four months after being ravaged by Hurricane Maria, Puerto Rico is about to let its federal overseers and investors know just how much the storm will upend its fiscal turnaround.

The bankrupt island is due Wednesday to submit a revised fiscal plan that will determine how much money the government will have to pay its debts after moving to cut its chronic budget deficits and revive the economy. The roadmap -- which was initially due earlier this month, until the deadline was extended -- will serve as the basis for negotiations with owners of Puerto Rico’s $74 billion of debt, though it’s not clear when the details will be released publicly.