The fate of the Puerto Rico Government Development Bank should not be liquidation, but rather a refocus to return to promoting growth on the island, Interim President Alberto Bacó said Monday, the day he took on the job of steering the former public fiscal agent.
Economic Development and Commerce Secretary Alberto Bacó will take on an additional role in Gov. Alejandro García-Padilla’s cabinet effective today, when he starts as acting President of the Government Development Bank.
The 2015 Puerto Rico Investment Summit has been scheduled for Feb. 26-27, less than a year after the first event in the series was held in April 2014, in collaboration with the Department of Economic Development and Commerce.
Looking to boost exchanges in key areas such as agriculture, manufacturing and energy, and reestablish direct trade routes between Puerto Rico and the Dominican Republic, the Department of Economic Development and Commerce has created a task force responsible for promoting commercial ties between the islands.
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