Investors between optimism and caution

PRNow Summit puts Puerto Rico’s current situation in the markets in perspective and discussed its investment outlook

June 7, 2022 - 1:35 PM

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The Pedro Pierluisi administration sought to motivate the local and mainly U.S. investment community that gathered at the Convention District to bet on the island during the first economic summit of the four-year term. (Suministrada)

By Joanisabel González

Editora de Negociosjoanisabel.gonzalez@gfrmedia.com

Following the restructuring of the Sales Tax Financing Corporation (Cofina), the Aqueducts and Sewers Authority (PRASA), and the General Obligations (GOs), Puerto Rico enjoys the backing of investors, including some institutional funds, but the island’s definitive return to the U.S. municipal market remains to be seen, according to six investment managers and bankers during the Puerto Rico Now economic summit.

Joanisabel González