Sunday, March 26, 2017

Watch Out Puerto Rico, They Just Put a Major League Deep State Crony in Charge

Natalie Jaresko
Chicago-born Natalie Jaresko, the former finance minister of Ukraine has just announced she has been made chief executive of the Financial Oversight and Management Board for Puerto Rico.

In a Facebook posting, she wrote:
I am honored and humbled to be taking on a new, critically important position to put Puerto Rico back on a path to fiscal stability.
The Board is tasked with assessing and certifying annual budgets and a fiscal recovery plan presented by the island’s government and facilitating debt restructuring talks on the island.
Puerto Rico is suffering from years of fiscal deficits and the related debt burden. Yet, the opportunities are equally great based on the steps foreseen in the certified fiscal plan to restore liquidity and debt sustainability.
Implementation of this plan will be a first step in returning stability and confidence to investors and Puerto Rico’s 3.5 million U.S. citizens.
This is a second stint for her running a country's finances.

Between 2005 and 2010 Jaresko was a member of Ukrainian President Viktor Yushchenko's Foreign Investors Advisory Council and the Advisory Board of the Ukrainian Center for Promotion of Foreign Investment.

She managed to survive all kinds of turmoil. Nine months after the 2014 U.S. instigated Ukrainian revolution which resulted in the ouster of President Viktor Yanukovych, Jaresko was offered the post of Minister of Finance, which she accepted. She left the government in 2016 after another change in Ukranian leadership.

But the firm she had co-founded in 2006, Horizon Capital, scored big off Ukraine in 2016. It managed to increase its capital stake, at a bargain basement price, in Datagroup, to over 70%. Datagroup controls 85% of the telecom traffic in Ukraine.

Of note, Jaresko served as the Chief of the Economic Section of the U.S. Embassy in Ukraine from 1992-1995, and in various economic positions at the State Department in Washington, D.C. from 1989-1992.

 At one point she sat on the board of the George Soros-aligned Open Ukraine Foundation

In May 2016, Jaresko became chair of the Board of Trustees of the Aspen Institute unit in Kyiv.

Watch out Puerto Rico, you have a major deep state crony operative about to take over the running of your government's finances.

-RW 

Sources: The Financial Times, Wikipedia,  Datagroup, EPJ, Aspen Institute, The New American

2 comments: