Puerto Rico’s Financial Oversight and Management Board (FOMB) has sent a letter to Governor Wanda Velazquez Garced to propose strategies for using coronavirus relief funds. Puerto… Read More »PROMESA Oversight Board Advises Strategies for COVID-19 Funds
The PROMESA Financial Board (FOMB) recently sent a strong reply to six of the 34 congressional Democrats who wrote a critical letter to the board… Read More »Sharp Board Response to Democratic Lawmakers
Not knowing how much cash the Government of Puerto Rico really has available makes determining fiscal plans for it difficult, Financial Oversight and Management Board… Read More »Ambiguity Over Cash Calls Fiscal Plans into Question
On November 6, the American Enterprise Institute held a seminar that took stock of Puerto Rico’s post-hurricane economic prospects and explored the appropriate policy response… Read More »AEI Panel Examines Puerto Rico Economy After Hurricane Maria
In response to the Hurricane Maria disaster that has devastated Puerto Rico, the territory’s federally-named Financial Oversight and Management Board has dropped its demand that… Read More »Board Changes Worker Furlough Plan, Steps up Pressure for Enhanced Federal Assistance
The arrival of hurricane Maria to the island is imminent. Tuesday morning, the hurricane regained classification of a category 5 storm at over 160 mph… Read More »Hurricane Maria: Emergency Info for Puerto Rico
The Puerto Rico fiscal control board’s investigation of the territory’s debt will go far beyond the probe that that those calling for an investigation have… Read More »Puerto Rico Debt Probe Will Be Broad
Puerto Rico’s federally-imposed fiscal control board today determined the territory’s final central government budget for the fiscal year that begins tomorrow over objections of insular… Read More »Puerto Rico Board Writes Territory’s Budget & OK’s Bankruptcy for PREPA
A budget for the fiscal year that begins Saturday is on its way from the Legislative Assembly to Governor Ricardo Rossello Nevares – but whether… Read More »Puerto Rico OKs Budget But Will the Board?
