Puerto Rico hopes economic report will provide fix for $73bn debt problem

Report on island's financial stability by former IMF economists has the potential to rattle bond prices if its predictions are pessimistic

Puerto Rico is set to release a key report by former IMF economists on its financial stability on Monday, which could point towards a fix for the island but has the potential to rattle bond prices if its predictions are pessimistic.

Puerto Rico, struggling with a $73bn debt load and faltering economy, is facing crunch time this week with a deadline to agree on a budget as well as a 1 July deadline to make a $655m payment on its general obligation debt, while its struggling utility Prepa (Puerto Rico Electric Power Authority) faces a $400m payment.

Related: Puerto Rico in crisis: weighed down by $73bn debt as unemployment hits 14%