To ensure that the Institute had freedom of action and was truly autonomous, the Institute’s law created a Board of Directors.
Instead of using the most probable assumptions based on actual past results, the Oversight Board relied on untested assumptions which in combination arrive at extremely low expected revenue numbers for its projections.
Last week, Excelerate Energy, the company that planned to develop a natural gas import terminal in Puerto Rico, requested that the Federal Energy Regulatory withdraw its authorization for the project.
Discover Puerto Rico’s CEO Brad Dean said this is the direct result of the DMO’s participation in IMEX America 2018.
During the past few months a narrative has taken hold, on both sides of the political spectrum, that Puerto Rico is “using federal disaster relief funds to pay bondholders.”
Small businesses have the power to propel economies and lift up communities.
It has been a little over a year since Hurricane Maria fractured Puerto Rico’s infrastructure and its demographic and economic landscape.
The Dow Jones dropped 832 points, and the Nasdaq and S&P 500 indices took substantial hits.
If the measure of success of a debt settlement is that it offers realistic payouts to bondholders while allowing the debtor the ability to emerge as a going concern, then it’s time to forget about this deal.
Do you know that a certificate of deposit (CD) have many benefits for you? Whether you want to save money or invest your money, a CD is a great option.
The Institute for Energy Economics and Financial Analysis is urging the Financial Oversight and Management Board for Puerto Rico to halt the rush to natural gas infrastructure development in Puerto Rico.
The Kobre & Kim report on Puerto Rico’s debt crisis shines a light on the corrosive impact of political hiring at various governmental agencies on the island, including at its public electric utility.
The report leaves out any mention of how the underwriters, bond trustees, law and accounting firms, credit agencies and other financial advisers were selected and compensated by the Puerto Rico government.
Many of these same lawyers, accountants, bankers and credit-rating experts continue to have the ear of the Puerto Rican government.
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