Representatives from 26 professional organizations from a cross-section of Puerto Rico’s economy, as well as thousands of businesses and workers, on Monday asked Gov. Alejandro García-Padilla and his administration for “transparency” and inclusion in the decision-making process to find solutions to the island’s precarious fiscal situation.
The Government Development Bank will be hosting a “Puerto Rico Investor Day” event in New York next week, to give backers a one-on-one opportunity to meet with senior members of the island’s fiscal team.
High-ranking Puerto Rico government officials unveiled Wednesday a package of measures aimed at resolving the Commonwealth Retirement System’s critical fiscal situation, including raising the retirement age and increasing employee contributions.
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