Posted September 07, 2018 07:04:24 The U.N. said Thursday it is warning Puerto Rico and the U.C. Puerto Rico Island to be ready for a severe economic collapse if the island’s financial system collapses as expected.
Maria, the most powerful hurricane on record, devastated Puerto Rico’s northeastern coast and killed at least 732 people and injured more than 10,000, leaving a trail of devastation in its wake.
It has now killed about 2,000 people, most of them in Puerto Rico.
territory has been unable to pay its bills since late April, and it faces a financial shortfall of $60 billion and counting, according to the International Monetary Fund.
President Donald Trump has said that Puerto Rico is “going to be OK” because of its natural resources and its infrastructure.
However, the U.,S.
Virgin Islands and the other U.R. territories have long complained that the U,s.
territory is not adequately funding its needs, and they have also complained that Puerto Ricans are not receiving a fair share of its recovery aid.
Puerto Rico’s economy has been hit hard by Hurricane Maria, which devastated the island with winds of 130 mph (203 kph) in mid-August.
Since then, its economy has shrunk by about 5 percent, according the IMF, a significant blow for Puerto Rico, which relies heavily on tourism and manufacturing.