Puerto Rico to showcase fiscal recovery at PRNOW: New York Forum
April 27, 2023
The event seeks to provide updates on the island's economic development to Wall Street investors, with the goal of reestablishing access to capital markets. #NewsismyBusiness
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Marrero meets with stateside investment funds
March 2, 2022
He provided an update on the debt restructuring process during the J.P. Morgan 2022 Global High Yield & Leveraged Finance Conference in Miami.
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Pierluisi designates Marrero to Secretary of State post
July 13, 2021
Gov. Pedro Pierluisi announced the designation of Omar Marrero as Secretary of State, who if confirmed, would steer two government offices. Marrero, who is currently the executive director of the Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish), working directly with the Financial Oversight and Management Board for Puerto Rico to finish the restructuring […]
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AAFAF disburses $21M in excess sales tax collections to 40 municipalities
March 5, 2021
The Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) authorized the disbursement of $21.2 million of the excess of the Sales and Use Tax Redemption Fund (SUT, in Spanish) to 40 towns. AAFAF Executive Director Omar Marrero said the excesses identified from the SUT Redemption Fund available to municipalities may be disbursed to cover, […]
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Puerto Rico gov’t earmarks $400M to expand broadband to unserved areas
October 22, 2020
The Fiscal Agency and Financial Advisory Authority, or AAFAF, released a Request for Proposals to select an administrator for what it is calling the Broadband Infrastructure Fund, to expand the service into Puerto Rico’s rural areas. The government will allocate $400 million during Fiscal 2021 to support expansion efforts in unserved and underserved areas and […]
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AAFAF completes José M. Berrocal summer internship program
August 3, 2020
The Fiscal Agency and Financial Advisory Authority, or AAFAF, announced the completion of the 2020 edition of its José M. Berrocal summer internship program, Executive Director Omar Marrero confirmed. He said that, through this internship, the agency sought to promote the research and professional development of the participants in the areas of public finance, accounting, […]
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Gov’t picks nonprofit to manage University of Puerto Rico scholarship fund
May 8, 2020
The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF, in Spanish) chose the Puerto Rico Community Foundation to provide management and investment services for a new scholarship fund for University of Puerto Rico students. “After careful analysis of the independent firms that were interested in the project, we have chosen the organization that has […]
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