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Puerto Rico Federal Control Board To Be Run By… Ex-Ukrainian Finance Minister?

Editor’s note: Russia’s Sputnik News has nearly the same article, but points out correctly that Jaresko oversaw the collapse of Ukraine’s GDP. Needless to say, I find this decision to appoint her to be highly questionable.

 

Chicago Tribune

A federal control board overseeing Puerto Rico’s finances amid a dire economic crisis announced Thursday that it appointed Ukraine’s former finance minister as its executive director.

The board’s chairman said Natalie Jaresko served during a critical time in Ukraine’s history from 2014 to 2016 as it faced a deep recession.

“Ukraine’s situation three years ago, like Puerto Rico’s today, was near catastrophic, but she worked with stakeholders to bring needed reforms that restored confidence, economic vitality and reinvestment in the country and its citizens. That’s exactly what Puerto Rico needs today,” said chairman Jose Carrion.

Jaresko will be paid $625,000 a year, an amount Carrion acknowledged would likely cause an outcry on an island mired in a decade-long economic slump and seeking to restructure some $70 billion in public debt. He said Jaresko will commute from Ukraine once a month until June, with all flights and hotel stays to be paid for by Puerto Rico’s government.

Continue reading…

 
Doomberg

Written by Doomberg

I am Doomberg, one of the original founding members of Sparta Report, and have been here since the beginning. I am an insatiable news junkie and enjoy reading and writing about the US territories, the Caribbean, video games, smartphones, and of course conservative politics in general.

I also really like pictures of gas stations and claim full responsibility for the silly gas station motif. I'm presently trapped behind enemy lines in a blue state with no hope of escape! The ride never ends.

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