All posts tagged "fiscal crisis"
Economist predicts grim scenario for Puerto Rico’s economy
Gustavo Vélez stressed an economic development plan is needed to avert further collapse
- Posted May 17, 2017
University of Puerto Rico students vote to keep strike going
Demand an audit of the island's public debt and the interim president's resignation
- Posted May 11, 2017
Puerto Rico gov’t announces signing of Prepa’s RSA
New RSA provides for consensual restructuring process under Promesa
- Posted April 28, 2017
Financial Oversight Board Approves Puerto Rico Fiscal Plan
NEW YORK — Promesa’s fiscal control board approved Monday its plan for Puerto Rico: a “progressive” 10% cut to pensions, a $450 million reduction to the University of Puerto Rico (UPR) budget and the approval of revenue measures...
- Posted March 13, 2017
Government: FAFAA Adviser Rothschild to Lead Prepa Negotiations
SAN JUAN – The government announced Friday that the Fiscal Agency and Financial Advisory Authority (FAFAA) and its financial adviser, Rothschild, will lead negotiations with Puerto Rico Electric Power Authority (Prepa) bondholders. The statement, issued by FAFAA, did...
- Posted January 27, 2017
Puerto Rico Gov’t, Creditor Groups Meet on the Island
Rosselló administration to kick off debt-restructuring talks
- Posted January 18, 2017
Government of Puerto Rico says it will lead negotiations with creditors
The one in charge of negotiating with different groups of creditors will be the Government of Puerto Rico, and not the Fiscal Control Board of Promesa. Nonetheless, the board “will be present” in this effort. This is...
- Posted January 13, 2017
New executive order seeks more budget cuts
Governor intends to reduce hired services by 10%
- Posted January 5, 2017
Rosselló Meets with GOP Congressmen in D.C.
Governor discusses Promesa as well as his first fiscal adjustment measures
- Posted January 3, 2017
Dykema Vying for Cleary’s Role in Puerto Rico’s Debt Restructuring
Various firms being evaluated to advise the incoming administration
- Posted December 29, 2016