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prima:According to bankers, “Puerto Rico has a leadership problem”

Executives are calling for an economic reform agenda and a more active role for the private sector to sustain growth beyond the Fiscal Board and federal funds

August 20, 2026 - 3:29 PM

The meeting, held last Tuesday, was attended by Robert F. Mujica, executive director of the JSF; Rafael Fernández, president and CEO of Oriental Bank; Antonieta Cristina Pérez, head of banking at Citi in Puerto Rico; Maritza Abadía, president of Banesco USA in Puerto Rico; Jorge García, incoming CEO of Popular, Inc.; and Joanisabel González, business editor of El Nuevo Día. (Efraín Montalbán Ríos)

Leadership and the lack of economic reforms are two of the main challenges Puerto Rico faces in increasing its competitiveness and fostering private-sector development, according to four of the island’s top banking leaders.

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