Puerto Rico General Election: PNP Wins A Partial Victory, Suggesting Policy Continuity

  • Candidates for the incumbent, pro-statehood Partido Nuevo Progresista appear to have won Puerto Rico’s gubernatorial and congressional elections on November 3.
  • However, local legislative elections saw the PNP lose its majorities to the pro-commonwealth Partido Popular Democrático, while third parties also made gains.
  • The PNP’s territory-wide victories and the substantial authority held by the unelected Financial Oversight and Management Board suggest that policy continuity will remain high over the coming years.
  • In addition, a referendum on statehood appears to have passed, though Fitch Solutions believe the US Congress remains unlikely to admit Puerto Rico as the 51st state.

(Source: Fitch Solutions)