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COFINA agreement did not reach projected savings goals

One year after the approval of the debt restructuring agreement for the public corporation, Espacios Abiertos warns projected savings were not achieved.

6 de febrero de 2020 - 9:20 AM

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This content was published more than 4 years ago.
According to economist Daniel Santamaría Ots, Senior Policy Analyst at Espacios Abiertos, COFINA's restructuring was approved at a time when the current fiscal plan - the fifth approved by the Oversight Board - overestimated the economic benefits of Puert
According to economist Daniel Santamaría Ots, Senior Policy Analyst at Espacios Abiertos, COFINA's restructuring was approved at a time when the current fiscal plan - the fifth approved by the Oversight Board - overestimated the economic benefits of Puert

The Espacios Abiertos organization stressed that COFINA's debt restructuring deal is far from reaching the savings in government spending announced a year ago when this agreement with creditors came into effect.

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