Citing local and federal Constitutional rights that establish freedom of information, New Progressive Party Rep. José Enrique Meléndez filed a lawsuit against the Government Development Bank and Gov. Alejandro García-Padilla, asking the court to order them to release reports crafted by private firms proposing a restructuring of Puerto Rico’s economy.
As part of its initiative to enhance public disclosure, the Government Development Bank for Puerto Rico recently provided a “special liquidity update,” while the Treasury Department posted a Commonwealth General Fund cash flow projection for Fiscal 2015.
Puerto Rico Gov. Alejandro García-Padilla announced changes to his fiscal team Wednesday that call for shifting Treasury Secretary Melba Acosta to the helm of the Government Development Bank, and naming Juan Zaragoza-Gómez as her successor at the agency. The governor also announced the appointment of Luis Cruz as director of the Office of Management and Budget.
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