Puerto Rico's government is preparing public-private partnerships to jump-start the island's stalled economy and wants several of the big-ticket deals in place by year's end.

Governor Luis Fortuno has in 15 months in office eliminated thousands of government jobs, put in place multibillion-dollar cuts in expenditures and pledged to eliminate the big municipal debt issuer's persistent budget deficits.

His administration's partnership initiatives are meant to lure outside investment to a Caribbean economy in recession since 2006 and come as the pace of global infrastructure deals between governments and businesses quickens.

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Posted by mopeng at March 10, 2010 12:52 AM