Congress cannot fail this US territory.
Puerto Rico is rank at 63 in the public perception of corruption.
The Corruption Perceptions Index (click here) ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Puerto Rico Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for - Puerto Rico Corruption Index - was last refreshed on Wednesday, July 8, 2015.
Puerto Rico scored 63 points out of 100 on the 2014 Corruption Perceptions Index reported by Transparency International. Corruption Index in Puerto Rico averaged 59.57 Points from 2008 until 2014, reaching an all time high of 63 Points in 2012 and a record low of 55 Points in 2011. Corruption Index in Puerto Rico is reported by the Transparency International.
Why is this important? Because the more a people have to manipulate existing law the lower the rating will be to public perception of corruption. None of the businesses in Puerto Rico should be struggling to carry out measures of bankruptcy.
Puerto Rico relies on tourism and any indication corruption is a problem creates a negative impact on it's economy. This measure by Congress should be expedited to provide US territories a platform to thrive rather than stagnate into poverty.
June 27, 2014
By Justin Bachman
...The U.S. territory (click here) wants to boost tourism’s share of gross domestic product to 8 percent from 6 percent over the next three years, an increase of $1.2 billion. Parts of the plan include adding more than 5,000 new hotel rooms by 2017, luring new flights, and developing two new ports for cruise lines to visit...
...The U.S. territory of 3.7 million people has struggled with meager economic growth and an unemployment rate of about 14 percent, higher than in any U.S. state. Puerto Rico is burdened by more than $70 billion in debt and its credit ratings are at junk level....
US Territories are handicapped in a very competitive world. That has to change. The territories need better governing infrastructure and the sooner the better.
