FOMB Research & Opinion Blog

Essay: Improving Public Procurement in PR

Download Printable Version The shortcomings of government procurement in Puerto Rico are systematic and include having different procurement rules across the government (188 to be exact according to a government report), deficiencies in the vendor selection process, lack of competition, and faulty contract and award management. As an example, in 2017, Puerto Rico’s bankrupt utility … Essay: Improving Public Procurement in PR Read More »

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Essay: The way to Foster Economic Development

Download Printable Version Overview This brief essay discusses what is meant by economic development, and what are the main barriers to obtaining it given the knowledge and resources we have at our disposal. Puerto Rico has had many economic development plans, but none have actually been implemented in a continuous manner throughout political administrations. This … Essay: The way to Foster Economic Development Read More »

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Essay: Rethinking Government, a new Commonwealth-Muni partnership

Given the challenges of the central government and the fiscal sustainability of many municipal governments, this might be the best chance Puerto Rico has to truly transform the entire government structure. Overview The proliferation of departments, public corporations, and agencies in Puerto Rico has severely hindered the Commonwealth’s ability to function. Meanwhile, municipal governments in … Essay: Rethinking Government, a new Commonwealth-Muni partnership Read More »

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Essay: Small Businesses and COVID-19

Overview While being major players of the economy, many small businesses are unable to weather a crisis like the one caused by COVID-19. Very small businesses, particularly those operating on small profit margins, are especially vulnerable, since they may not have the cash reserves and typically have fewer ways to access financing. → Given the … Essay: Small Businesses and COVID-19 Read More »

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Essay: Public Health and COVID-19

As Puerto Rico moves towards re-opening the economy, the Government should do whatever it can to avoid or reduce the causes and effects of a second wave of infections by developing smart prevention capabilities. This means being able to keep enough numbers of infected people tightly in isolation to prevent or minimize new outbreaks that … Essay: Public Health and COVID-19 Read More »

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