Search for: "Economic Development Bank for Puerto Rico"
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5 Jul 2016, 3:30 am
On May 2, 2016, it missed a major debt payment to its Government Development Bank bondholders. [read post]
6 Mar 2019, 12:25 pm
Puerto Rico’s efforts to restructure its $120 billion debt load rested largely in the hands of a federal board that was empowered in 2016 under the Puerto Rico Oversight, Management and Economic Stability Act, or PROMESA. [read post]
21 Sep 2016, 7:45 am
By Jennice Fuentes / Fuentes Strategies The Congressional Task Force on Puerto Rico’s Economic Development released a progress report last week, as mandated under the PROMESA law, that did not include any specific policy recommendations. [read post]
25 Sep 2013, 9:31 am
The recently enacted Act 73 of May 28, 2008, known as “Economic Incentives for the Development of Puerto Rico Act,” makes industry operations in Puerto Rico highly profitable while stimulating additional economic development. [read post]
15 Apr 2017, 7:10 am
This in turn will help existing creditors as an expanded market for Puerto Rican debt will provide even greater liquidity and ultimately higher values for restructured debt — a benefit that was confirmed by various investment banks when this issue was first raised as part of the previous administration’s restructuring efforts. [read post]
21 Oct 2015, 11:41 pm
The Administration’s proposal envisions a comprehensive, judicially supervised restructuring process for Puerto Rico and all of its various borrowing limbs, including the Government Development Bank, public utilities, infrastructure, and municipal authorities—18 entities in all. [read post]
10 Oct 2017, 12:30 pm
Power has been restored to the Main Trauma Center in Puerto Rico, the Centro Medico Hospital in San Juan and San Pablo Hospital in Bayamon, Puerto Rico. [read post]
13 Apr 2017, 5:55 am
For example, the Commonwealth has guaranteed the debt of certain issuers such as the Puerto Rico Public Buildings Authority (PBA) and PRASA, and has issued more than $4 billion in appropriation debt to the Government Development Bank for Puerto Rico (GDB). [read post]
14 Apr 2017, 6:07 am
Pietrantoni 1 Given the likelihood of a Title III proceeding under the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) for the Commonwealth of Puerto Rico and certain of its instrumentalities in the near future,2 we thought it useful to outline some, but by no means all, of the key issues that are likely to be raised. [read post]
19 Jul 2017, 8:31 am
The Puerto Rico Manufacturers Association warned municipalities against an increase in taxes, fearing that such a move would result in further economic contraction. [read post]
18 Oct 2013, 7:54 am
As such, the funds are more sensitive to economic, political, regulatory or other factors adversely affecting Puerto Rico issuers than a fund that is not concentrated in Puerto Rico issuers. [read post]
28 Apr 2017, 3:23 pm
The 50-year plus institution was once considered crucial to the Island’s economic development. [read post]
24 Jun 2016, 11:52 am
Whenever a Puerto Rico status related question is raised the Court almost automatically places the Puerto Rico issue flat on the lap of Congress. [read post]
7 Dec 2015, 2:54 pm
Subject to the affirmative vote of 3 members, the Board will: review and “endorse” the Working Group for Economic Recovery of Puerto Rico’s 5-year Fiscal and Economic Growth Plan (the “Plan”) submitted to the Board. [read post]
14 Jul 2015, 5:55 pm
” At the meeting, a presentation was given by Acosta and Krueger, Millstein and Government Development Bank (GDB) head Melba Acosta then took questions. [read post]
6 May 2014, 8:40 am
She is a member of the following associations and prestigious institutions: Puerto Rico Bar Association Puerto Rico Federal Bar Association American Bar Association American Bankruptcy Institute Puerto Rico Notary Association She has occupied various high level positions in the public service such as Attorney Advisor to; The Director of the Puerto Rico Energy Power Company The United States Trustee for the District of… [read post]
16 Nov 2016, 7:56 am
The decision also gave limited relief to US Bank & Trust, which is the trustee for University of Puerto Rico (UPR) debt. [read post]
23 Jun 2016, 7:58 am
Economic Development Administration (FOMENTO) and the Governor’s Office, 1979-1981. [read post]
20 Jul 2015, 2:03 pm
Bank Trust National Association has reportedly filed a statement announcing that it is seeking legal counseling over the Puerto Rico government’s failure to deposit $93.7 million. [read post]
22 Nov 2017, 7:10 am
His service as a Director of the First Federal Savings Bank of Puerto Rico from 1982 to 1983, was recognized as outstanding by the Federal Home Loan Bank Board. [read post]
