All posts tagged "Government Development Bank"

• 
  Union leader denounces former GDB president’s severance package

  The SPU complained that agency directors' benefits and exemptions were discriminatory against regular public workers

  • Posted December 6, 2016
• 
  Lawyer believes Besosa may lift stay in two of four lawsuits

  SAN JUAN—U.S. District Court Judge Francisco Besosa may be lifting the stay on two of four lawsuits from bondholders who, among other things, are challenging the constitutionality of the Puerto Rico Emergency Moratorium and Financial Rehabilitation Act, lawyer John Mudd said Thursday. During...

  • Posted October 6, 2016
• 
  New Debt Audit Commission’s Report Raises Serious Questions

  Document to be submitted to Promesa's fiscal board

  • Posted October 3, 2016
• 
  GDB Urges Creditor Group To Respond to Latest Offer

  Bank regrets creditor group’s letter to Promesa’s fiscal board

  • Posted October 3, 2016
• 
  Good Bank, Bad Bank

  The Government Development Bank (GDB) is on life support and there are plenty of detractors—none of them physicians—who want to pull the plug on the ailing institution. What was once the government’s fiscal agent in charge of...

  • Posted August 26, 2016
• 
  No Call Yet On GDB’s Interest Payment Due Aug. 1

  La Fortaleza has short list of candidates to take over the bank’s helm

  • Posted July 28, 2016
• 
  Court Challenge to Promesa Moves Forward

  Ruling further challenges Promesa provision to stay lawsuits against the commonwealth

  • Posted July 20, 2016
• 
  May Economic Activity 1.8% Lower than in 2015

  A 0.1% decrease from April

  • Posted July 1, 2016
• 
  Puerto Rico Gov’t Launches Bondholders’ Registry

  GDB says it seeks to keep creditors informed, facilitate the process

  • Posted June 15, 2016
• 
  More Credit Unions Join Gov’t Development Bank’s Deal

  ‘Constructive’ talks continue to restructure the bank’s $4B debt

  • Posted June 8, 2016