coronavirus

Puerto Rico Passes Record $777 Million Financial Package for Economic Impact of Coronavirus

A man wearing a surgical mask sits in front of the emergency room entrance of the Ashford Presbyterian Community Hospital where the first coronavirus patient on the island died earlier in the day in San Juan, Puerto Rico on March 21, 2020. – Almost one billion people were confined to their homes worldwide as the global coronavirus death toll topped 12,000 and US states rolled out stay-at-home measures already imposed across swathes of Europe. More than a third of Americans were adjusting to life in various phases of virtual lockdown — including in the US’s three biggest cities of New York, Los Angeles and Chicago — with more states expected to ramp up restrictions. (Photo by Ricardo ARDUENGO / AFP) (Photo by RICARDO ARDUENGO/AFP via Getty Images)

Puerto Rico has announced a record $777 million financial package to help alleviate the economic impact of the coronavirus in the U.S. territory.

The package is the biggest so far compared to any U.S. state.

Gov. Wanda Vázquez said Monday there will be a 90-day moratorium for mortgages as well as car, personal and commercial loans. She also announced a flurry of bonuses including ones ranging from $2,000 to $4,000 for nurses, police and other emergency workers.

The announcement comes amid a 13-year recession on an island that is still struggling to recover from Hurricane Maria and a string of recent strong earthquakes that together caused billions of dollars in losses.

AP and NBC 6
Exit mobile version