The Financial Oversight and Management Board for Puerto Rico announced it authorized a $185 million short-term liquidity facility to help Puerto Rico’s 78 municipalities offset the timing of expected receipt of property tax revenue due to the COVID-19 pandemic. The facility would be made by the Commonwealth of Puerto Rico to the Municipal Revenue Collection […]

Saying the priority at this time should be broader testing for COVID-19 in Puerto Rico, the Financial Oversight and Management Board for Puerto Rico urged “a gradual reopening of certain elements of the economy to contain the financial effect on the economy as a whole.” In a letter sent to Gov. Wanda Vázquez, Oversight Board […]