Puerto Rico’s Government Development Bank president resigns
July 17, 2013
Gov. Alejandro García-Padilla’s administration confirmed Tuesday that Puerto Rico Government Development Bank President Javier Ferrer tendered his resignation effective July 19.
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Puerto Rico Economic Activity Index drops 3.4% in May
July 1, 2013
The Puerto Rico Government Development Bank unveiled the Economic Activity Index for the month of May, which registered a 3.4 percent year-over-year reduction from the same month in 2012 and marked the ninth consecutive month of downward results.
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Puerto Rico gov’t unveils fixes for Highway Authority finances
June 21, 2013
The Puerto Rico government’s economic team presented four measures to shore up $280 million for the Highway Authority, which is deep in the hole with the Government Development Bank, to which it owes $2.1 billion.
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