By Juan Carlos Valdes, USA TodayBillionaire and philanthropist Bill Gates said Wednesday that Puerto Rico’s government owes $17.7 billion in unpaid debt and other financial obligations, and it’s been more than a decade since the island went into default on its debt and its island’s bankruptcy court.
The island, in the U.S. territory of Puerto Rico, is in the midst of a fiscal crisis caused by decades of mismanagement and mismanagement of the island’s finances.
The island, which is home to 2.5 million people, has a $65 billion debt load and owes $4.7 trillion in interest.
The Puerto Rican debt load is a fraction of Puerto Rican GDP, but it’s still the highest in the world.
Puerto Rico is a U..
S.-controlled territory that has been governed by the U .
S. since 1898.
It has a population of more than 5 million people.
The U.N. World Bank said Wednesday it estimated that Puerto Ricans debt load in 2016 was $16.2 trillion.
The debt load had grown from $16 trillion in 2007.
The International Monetary Fund also said Wednesday in a statement that Puerto Rican debts have grown at a rate of $4,000 per person for each day that they haven’t been paid.
The amount owed by the island to the U, U.K., and China amounts to $15.2 billion, or a rate equal to 2 percent of its gross domestic product, the IMF said.
The IMF’s calculations are based on the U of T’s 2017 estimate of Puerto Ricos debt load.
That estimate is based on an initial assessment by the IMF that estimated the island owed $10 billion to its creditors, based on a $9 billion bailout in the form of $1.8 billion in cash and $500 million in Puerto Rican bonds.
The United States and Puerto Rico also have long-standing disagreements over how much Puerto Rico owes.
U.s. officials say Puerto Rico has about $2.8 trillion in outstanding debt, while Puerto Rican officials say it has $1 trillion in debt.
The U.ks. government says it owes $3.8 in Puerto Rico.