The McKinsey Way to Save an Island

Why is a bankrupt Puerto Rico spending more than a billion dollars on expert advice?

Photo: John and Tina Reid/Getty Images

By Andrew Rice

Since 2016, Puerto Rico has been buffeted by a natural disaster and several overlapping, man-made catastrophes. Its government is bankrupt and owes $74 billion to bondholders: a staggering sum that amounts to 99 percent of…

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