BVC Feb 2016 - page 21

Business View Caribbean - February 2016 21
edge-based one. We have reached a momentum so
strong it is practically unstoppable. Yet this transfor-
mation also entails taking care of our public finances
because economic development and fiscal stability go
hand in hand.
The announcement of our government’s decision to re-
negotiate its public debt marks a pivotal moment, and
points to a new direction for the coming years. Clearly,
we must define a new path to meet present and future
obligations. In this regard we are neither the first or
last government to face similar circumstances. ment.
The Department of Economic Development
and Commerce of Puerto Rico
Supervises the execution of public policy
in the country in terms of economic development
San Juan, Puerto Rico
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