Op-Ed: A modest FEAT to help with P.R.’s fiscal woes
March 13, 2017
With the looming fiscal crisis overwhelming the government of Puerto Rico, many proposals are persistently brought forward, with the sincere aim of taking small steps towards sensible short and long-term solutions.
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Oversight Board names El Koury as General Counsel
February 24, 2017
The Financial Oversight and Management Board for Puerto Rico announced Thursday the appointment of attorney Jaime A. El Koury as General Counsel, or chief legal officer for the federally appointed body.
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Oversight Board issues RFP for pensions consultant
February 13, 2017
The Financial Oversight and Management Board for Puerto Rico is looking for an independent actuary, pension, and planning consultant for which it has issued an a request for proposals for parties interested in providing services.
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Board extends fiscal plan deadline, names exec. director
January 30, 2017
The Financial Oversight and Management Board for Puerto Rico on Saturday approved Gov. Ricardo Rosselló’s request to extend the deadline in which to present the administration’s fiscal plan to Feb. 28.
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Oversight Board confirms 4th meeting on Jan. 28
January 25, 2017
The Financial Oversight and Management Board for Puerto Rico confirmed Tuesday it will hold its fourth Board meeting in Puerto Rico on Jan. 28 at 8:30 a.m. The meeting will be held at El Conquistador hotel in Fajardo.
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Oversight Board outlines goals for P.R.’s fiscal plan
January 19, 2017
The Financial Oversight and Management Board for Puerto Rico on Wednesday outlined the goals, objectives and parameters that must be included in the new administration’s fiscal plan, as well as its willingness to extend the deadline to submit the document and effect a moratorium on creditor lawsuits, subject to specific conditions.
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Backyard Bondholders meet with Oversight Board
January 12, 2017
Backyard Bondholders Inc., an organization representing about 20 percent of the government's outstanding public debt, met a briefing Wednesday with several members of the Financial Oversight and Management Board for Puerto Rico to establish the position of local bondholders.
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GO bondholders ask for invalidation of COFINA structure
January 11, 2017
The Ad Hoc Group of Puerto Rico General Obligation bondholders addressed a memo Tuesday to island policymakers claiming the unconstitutionality of the Sales Tax Financing Corp., known as COFINA, and asking for its invalidation.
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Oversight Board pegs fiscal deficit at $67.5B through ’27
December 21, 2016
The Financial Oversight and Management Board for Puerto Rico sent a letter to the outgoing and incoming governors confirming, among other things, that the Commonwealth will face a deficit of $67.5 billion over the next 10 years.
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Oversight Board puts out RFP for financial advisory firm
December 5, 2016
The Financial Oversight and Management Board for Puerto Rico created under the Puerto Rico Oversight, Management and Economic Stability Act issued Sunday a request for proposals for firms interested in providing services to the Board as financial advisor.
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Board to finish review of gov’t Fiscal Plan by Jan. 31
November 21, 2016
The Financial Oversight and Management Board for Puerto Rico is reviewing the government’s proposed Fiscal and Economic Growth Plan — which on Friday was met with criticism by a cross-section of the island’s business community — and should be finished by Jan. 31.
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Financial Board unveils list of presenters for 3rd meeting
November 18, 2016
The Financial Oversight and Management Board for Puerto Rico announced the list of presenters tentatively confirmed to appear at its third meeting to be held Friday in Fajardo.
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Oversight Board calls for comments on gov’t fiscal plan
November 11, 2016
The Financial Oversight and Management Board for Puerto Rico opened a call Thursday for individuals and organizations to provide written comments on the government of Puerto Rico’s proposed fiscal plan.
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Zaragoza to ask Board to put Treasury in receivership
October 19, 2016
Treasury Secretary Juan Zaragoza will ask the Financial Oversight and Management Board for Puerto Rico to place the agency he heads under receivership, to prevent anyone — including himself — from signing off on significant material transactions that could affect the government’s coffers.
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Gov’t to have new fiscal plan ready for oversight board
August 10, 2016
NEW YORK — Puerto Rico Gov. Alejandro García-Padilla confirmed Tuesday that his administration will have a new fiscal plan ready shortly after the federal fiscal oversight board is “appointed and operational.”
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