Uncertain How Governor Will Present Fiscal Plan to Board
By Luis J. Valentín From Caribbean Business SAN JUAN — On Oct. 14, Gov. Alejandro García Padilla will have his first at bat in front of Promesa’s fiscal control board, when he presents it with the latest version of his…
La Fortaleza: GDB interest payment wasn’t made
By Luis J. Valentín From Caribbean Business SAN JUAN — After hours of much deliberation among Gov. Alejandro García Padilla and his administration’s fiscal team, a $28 million interest payment on Government Development Bank (GDB) debt due Aug. 1 failed to…
Melba Acosta resigns as GDB President
By Luis J. Valentín From Caribbean Business SAN JUAN — On Thursday, La Fortaleza announced the resignation of Government Development Bank (GDB) President & Chairwoman Melba Acosta, effective July 31. In her resignation letter dated July 6, she says it is…