Fed’s Dudley says Puerto Rico must ‘start from scratch’
Territory must face up to “painful” decisions to tackle debt and infrastructure problems
The president of the Federal Reserve Bank of New York has said the hurricanes which devastated Puerto Rico in 2017 may have provided the US territory with an “opportunity” to rebuild its economy and infrastructure from the ground up.
Speaking on February 23 at a press briefing, William Dudley provided an update on Puerto Rico and the US Virgin Islands, almost 4 months after they were hit by two of the worst hurricanes witnessed in over a century.
“Now is a perfect opportunity for Puerto Rico
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