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To safeguard the fiscal stability of Puerto Rico and promote its competitiveness in order to transform our economy into one of the most developed economies in the world, hence, fostering the social and economic enhancement of our people.

July 22, 2014 - Puerto Rico And PREPA Vigorously Defend the Constitutionality of the Recovery Act

 
July 18, 2014 - Commonwealth of Puerto Rico Quarterly Report dated July 17, 2014
 
July 17, 2014 - Commonwealth of Puerto Rico Provides Update on Fiscal and Economic Progress
 
July 17, 2014 - Update on Fiscal and Economic Progress
 
July 11, 2014 - GDB Chairman and Treasury Secretary Provide Joint Comment on Recent Statements from Ratings Agencies
 
July 11, 2014 - Public Financial Management, Inc. Retained as Independent Registered Municipal Advisor
 
July 11, 2014 - Treasury Department: Closing of FY 2013-14: Preliminary Fiscal Year Revenue Exceeds Final Audited Prior Year Revenue by $475 Million
 
July 10, 2014 - GDB and Treasury Reiterate Puerto Rico's Unwavering Commitment to Strengthen the Commonwealth's Credit
 

 
Property Notices Position Openings

July 17, 2014 Investor Webcast Registration InformationInvestor Webcast: Update on Fiscal and Economic Progress (July 2014)
On July 17, 2014, Puerto Rico's Government Development Bank, Treasury Department, Office of Management and Budget, and Department of Economic Development and Commerce hosted a joint webcast to update the investment community on the Commonwealth’s fiscal and economic progress.
Webcast presentation


 

Recovery ActPuerto Rico Public Corporations Debt Enforcement and Recovery Act
On June 28, 2014, Governor García Padilla signed into law a bill for debt enforcement and recovery of public corporations. The main purpose of the Recovery Act, Law No. 71, is to provide a clear legislative framework for certain public corporations that are experiencing severe financial stress to overcome their financial obstacles through an orderly, statutory process that allows them to handle their debts fairly and equitably, while ensuring the continuity of essential services to citizens and infrastructure upgrades. Read the Recovery Act. (The law was passed in both English and Spanish; the English text begins on page 74.) To view a Fact Sheet on this Law, click HERE.





Puerto Rico, La Isla Estrella The All-Star Island

Throughout history, the outstanding performance of the men and women of our Island has been fundamental to our development. The talent of the people of Puerto Rico has been strategic in the Islandís development and prosperity. Our starsí achievements may be seen in all the disciplines, beyond our borders, earning us recognition around the world. By giving the best of him or herself, each Puerto Rican has the potential to stand out. That is what makes us the All-Star Island. Our world-class talent is our most valuable possession and it is key in our mission to create jobs and wealth, attract and develop businesses, and boost tourism.

For more information about investing and doing business in Puerto Rico, visit Business in Puerto Rico.

View a slide presentation prepared by the Department of Economic Development and Commerce: Economic Roadmap.




EBT Electronic Benefits Transfer

On October 4, 2013, the GDB sent out a Request for Proposal to invite qualified and experienced vendors to bid for the design, development, implementation and operation of the Puerto Rico Electronic Benefits Transfer System (EBT). GDB is acting as the authorized fiscal and contracting agency for EBT on behalf of the Government of Puerto Rico, and is the sole point of contact concerning the RFP.


This site is designed to provide participating entities' contacts and prospective EBT Contractor access to all materials and notices pertinent to the Electronic Benefits Transfer System RFP Evaluation Process. Participating entities' contacts and qualified personnel will receive their username and password to access this site from GDB Staff.
Participation in the EBT-RFP process is by invitation only.



José M. Berrocal Institute for Economics and Finance

José M. Berrocal Institute for Economics and FinanceThe José M. Berrocal Institute for Economics and Finance is a GDB subsidiary created to complement the Bank's mission of promoting economic development by providing specialized training on the theory and practice of public finances and economics to talented young professionals in order to attract them to join the public service. An eight-week Summer Internship Program is the Berrocal Institute’s main initiative towards this goal. To find out more about the Berrocal Institute and the 2014 Summer Internship, visit the Institute’s webpage.

This brochure features the Berrocal Institute’s historic background and mission, as well as the Summer Internship Program's structure, requirements and objectives.


Pension Reform: The Numbers Speak for Themselves

Pension Reform: The Numbers Speak for Themselves. To view the reportís enlarged tables and graphics click HERE.

Pension Reform Act, Law No. 3 of April 4, 2013. Click HERE to read GDB's unofficial English translation of the Act, excluding the Statement of Motives. GDB makes no representation or warranty as to the accuracy or completeness of this translation and strongly suggests reading the full text of the Act in Spanish (available HERE), pending issuance of the official translation of the Act by the Puerto Rico Office of Legislative Services.




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       July 2014