The Government Development Bank will be hosting a “Puerto Rico Investor Day” event in New York next week, to give backers a one-on-one opportunity to meet with senior members of the island’s fiscal team. While the agency is actively inviting investors, it has yet to announce this event locally.
“The investor day is an opportunity to meet with senior members of Puerto Rico’s fiscal team to discuss the economic objectives for the remainder of the fiscal year and beyond,” according to a short invitation sent by an executive from the Joele Frank strategic communications firm hired by the GDB to organize the event obtained by this media outlet late Thursday.
“The GDB is committed to the timely delivery of economic and financial information and to maintaining an open dialogue with investors, and its new leadership looks forward to meeting face to face with Puerto Rico’s investors,” the invitation further said.
The event will take place March 22 at Barclays in New York City, a little more than a week after Puerto Rico’s credit was slashed to a notch above junk status by credit ratings agency Standard & Poor’s.