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Espacios Abiertos suggests suspending payments to bondholders due to COVID-19

The organization also recommends eliminating austerity measures from the fiscal plan

20 de mayo de 2020 - 11:25 AM

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This content was published more than 5 years ago.
Espacios Abiertos claimed the moratorium for at least a year after reviewing the central government's fiscal plan.
Espacios Abiertos claimed the moratorium for at least a year after reviewing the central government's fiscal plan. (tonito.zayas@gfmedia.com)

Espacios Abiertos said yesterday that the Oversight Board and the government must ask the court and creditors for a moratorium of at least one year on payments of the already restructured bonds, and also insist on an almost absolute cut in the debt paid with taxes and eliminate definitively the cuts in public spending adopted as part of the fiscal discipline process required by PROMESA.

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