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January 19th, 2017
Struggling Puerto Rico turns to Tech & Entrepreneurialism

VI CONSORTIUM

SAN JUAN, Puerto Rico- With a debt load of over $70 billion, Puerto Rico has found itself in an unfavourable position. The island no longer controls its finances (on June 30 2016, President Barack Obama signed the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA), which created a committee — consisting of no elected Puerto Rican officials — to oversee the island’s finances).

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