The Financial Oversight and Management Board for Puerto Rico (FOMB) has until Feb. 10 to present a Plan of Adjustment (POA), or at least a summary of the main terms thereof, to modify the central government’s debts with various groups of creditors. These debts include General Obligation bonds, bonds issued by the Public Buildings Authority, […]
The government of Puerto Rico “does not have the right mix of people to respond capably to new challenges of delivering effective, efficient public services with limited resources, and in an environment of technological transformation and increasing public expectations,” according to research by the Financial Oversight and Management Board for Puerto Rico’s Research and Policy […]
The Financial Oversight and Management Board for Puerto Rico approved a set of rules that “should substantially improve the government of Puerto Rico’s practices in purchasing goods and services and should prevent the irregularities and inefficiencies that have plagued the Commonwealth’s Rico’s procurement system for too long,” the regulatory body announced. The Uniform Regulation for […]
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