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.
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.