Hispanic Leadership Fund President Mario H. López and nine other signatories from free market organizations sent a letter to key members of Congress, calling for a hearing on the lack of progress made by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) Oversight Board in the 18 months of their commission.
The most recent version of Puerto Rico’s fiscal plan for its central government would chart the future of the island, giving some degree of certainty to citizens, businesses and investors to bet on Puerto Rico’s dismal economy.
As it publicly sets off a strategy to strengthen its control over the management of the Government of Puerto Rico, the Financial Oversight and Management Board for Puerto Rico is asking a federal judge to exempt it from having to render accounts to the people of Puerto Rico with extremely dangerous arguments for transparency.
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