Tenants at La Oficina, a shared office space located at the Caribe Building occupied mostly by arrivals under the government’s Law 20/22 incentives programs, recently took part in an event with the Puerto Rico Community Foundation to learn about innovative ways to give back to their new communities.
A group of Puerto Rican credit unions identifying themselves at the “G25” said Thursday the preliminary restructuring agreement announced by the Government Development Bank and hedge funds this week is unfavorable to local bondholders who will see losses as a result.
A liquidation of the Government Development Bank for Puerto Rico could be a messy proceeding, because there is no precedent for determining how debt responsibilities and assets would be assigned, Economist and Professor Antonio Fernós-Sagebien predicted Wednesday.
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