Xavier Varcárcel and his coworkers have known to go weeks without pay, sometimes not having enough to afford for gas to make it to work. Varcárcel is the Director of Arts Programming at CREARTE, Inc., a nonprofit organization that offers after school programming and alternative education institutions in two towns of the island.
The young artist is working to implement a membership dues model for the organization to raise independent funds. CREARTE depends on the Puerto Rican government to cover up most of their budget. Currently many local nonprofits have been affected by the delay in the release of funds having to keep their employees unpaid or worse.
Puerto Rico, a territory of the United States, is currently in the grip of a humanitarian crisis.
The island’s faces a $72 billion debt, with no plan or legal intervention available to restructure. The Puerto Rican government continues to default on its payments to bondholders and is expected to miss a two billion dollar payment on July 1st. Governor Alejandro Garcia Padilla stated, “we just don’t have the money.
This week, the U.S. Senate is expected to vote on the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). #PROMESA would create an oversight board that is set to supervise and override the local government on the issues of economy and labor. This is expected to bring strong austerity measures to a population who is already struggling to make ends meet.
This is @erikaprodriguez taking over @opensocietyfoundations this week, exploring the impact of Puerto Rico’s #debtcrisis
#opensociety #debtcrisis #promesa #juntadecontrofiscal #humanrights #bigbanks #puertorico #usterritory #boricua #100×35 #commonwealth #austerity #TheOldestColony #crearte #school #kids
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