The Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA) made public Thursday updated financial information for the Commonwealth, outlining incomes and expenditures during the last eight fiscal years.
Governor-elect Ricardo Rosselló announced Thursday his nominees to head the Treasury, Agriculture, Natural Resources and Environmental Resources (DNER) departments, as well as the executive director of the Fiscal Agency and Financial Advisory Authority, or AAFAF.
The Puerto Rico Electric Power Authority, Puerto Rico’s publicly owned electricity provider, announced Thursday an extension of the Restructuring Support Agreement to March 31, 2017.
General Fund net revenues totaled $533.9 million in November, up by $45.3 million, or 9.3 percent, compared to November 2015, and by $43.8 million, or 8.9 percent, compared to estimates.
The Puerto Rico Statistics Institute announced Wednesday the launch of the State Data Center of Puerto Rico website, placing the island on equal footing with U.S. jurisdictions, most of which have their own state and representative portal, agency Executive Director Mario Marazzi said.
Scientific Games Corp. announced Tuesday it has landed an eight-year contract with the government of Puerto Rico to run the electronic lottery, known as “Lotería Electrónica.”
The Financial Oversight and Management Board for Puerto Rico created under the Puerto Rico Oversight, Management and Economic Stability Act issued Sunday a request for proposals for firms interested in providing services to the Board as financial advisor.
The head of the Economic Development Bank for Puerto Rico told members of the incoming administration during transition hearings that the agency approved $499.7 million in financing from January 2013 to present, boosting the economy
Gov.-elect Ricardo Rosselló announced Monday the first five members of his cabinet, including his Chief of Staff, chief legal advisor and his representative before the Financial Oversight and Management Board.
The Financial Oversight and Management Board for Puerto Rico announced Sunday the selection of Proskauer Rose LLP as lead outside legal counsel, O’Neill & Borges LLC as outside legal counsel and McKinsey & Company as strategic consultant.
Saying “resolving the crisis in Puerto Rico remains a top priority for the U.S. Treasury Department,” agency Secretary Jacob Lew sent a letter to the Financial Oversight and Management Board offering ongoing technical assistance.
General Fund net revenues totaled $700.1 million in October, exceeding October 2015 revenues by $73.4 million, or 11.7 percent, and beating estimates by $74.5 million, or 11.9 percent.
The Financial Oversight and Management Board for Puerto Rico announced the list of presenters tentatively confirmed to appear at its third meeting to be held Friday in Fajardo.
Federal Reserve Bank of New York President William C. Dudley will visit Puerto Rico Nov. 28-29 to meet with leaders in the local community, government, business and education sectors, the agency announced Wednesday.
Gov.-elect Ricardo Rosselló on Tuesday offered details of the socioeconomic transformation model his administration will follow to spur “growth and development” for Puerto Rico over the next four years.
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