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Economy

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FOMB lets government take the lead in budget process
Economy

FOMB lets government take the lead in budget process

While the fiscal entity is satisfied with the fiscal reforms, it’s unlikely that Puerto Rico can come back to the markets while there still no PREPA deal available During the fifty-first (51st) meeting of the Financial Oversight and Management Board (FOMB), the board’s executive director, Robert Mujica, emphasized the importance of implementing reforms to the […]

Maria Soledad
Cars on a highway with forested hills beyond.
Business

Puerto Rico Tollroads Completes $383 Million Bond Issue

Banco Popular acts as agent Puerto Rico Tollroads, the operator of the island’s major toll highway concessions under Metropistas, has closed a $382 million bond issuance fully structured and purchased by Puerto Rico’s local banking sector, marking one of the largest locally financed transactions of its kind. The deal, led by Banco Popular as agent, […]

Eva Llorens
Puerto Rico Economy Loses Momentum as Federal Recovery Spending Slows
Economy

Puerto Rico Economy Loses Momentum as Federal Recovery Spending Slows

Financial Oversight Board warns of fiscal risks, delayed federal disbursements and weak long-term growth outlook. Puerto Rico’s economy is losing steam because federal recovery funds are slowing down and ongoing structural problems continue, according to the latest quarterly report from the Financial Oversight and Management Board. The report, which examines fiscal and economic performance through […]

Eva Llorens