Puerto Rico

Puerto Rico granted $521 million in tax credits over the last seven months.

Unsecured creditors have said they are unsure if they will support the Puerto Rico sales tax bond restructuring.

The struggle between board and local government continues, as island leaders agree to a tax overhaul plan.

Three of four economic measures improved in September from August.

Statutes of limitation will be the main obstacle, observers say.

Analysts are more optimistic about repayment but still dubious about local government cooperation.

Sergio Marxuach and other officials of the nonpartisan, San Juan-based Center for a New Economy said federal spending on disaster recovery has been slower than in other areas also struck by hurricanes in 2017.

The board continues to say that state metrics should be a guide to restructuring the island's central government debt to a much lower level.

The Puerto Rico Oversight Board has voted unanimously to ok a five-year fiscal plan that faces local government opposition.

The revised five-year fiscal plan projects increased disaster-related funding and slowing population decline through 2023.