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Press Releases |
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November 17, 2016
Treasury Department: First Four Months of FY 2017 Ended on a Positive Note |
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November 16, 2016
García Padilla Administration Encourages Citizens to Access Public Financial Information
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October 14, 2016
Puerto Rico Treasury Reports $1.94 Billion in Revenue for FY2017 Q1 |
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September 15, 2016
Puerto Rico Treasury Revenues Totaled $550 Million in August, $10.3 Million, or 1.9% Above Estimates |
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August 15, 2016
Puerto Rico Treasury Revenues Total $665.1 Million in July, $38.6 Million, or 6.2% above July 2015 Revenues and $7.4 Million above Estimates |
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July 31, 2016
Governor recommends Alberto Bacó as Interim President of the GDB |
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July 29, 2016
Treasury Department Reports Net Income to the General Fund for Fiscal Year 2015-16 |
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July 14, 2016
PFM, Inc. Retained as Independent Registered Municipal Advisor |
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July 7, 2016
Governor Thanks Melba Acosta for Her Work as President of the GDB
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July 1, 2016
GDB and Puerto Rico Fiscal Agency and Financial Advisory Authority Statement on Implementation of Emergency Measures Under Act 21 |
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July 1, 2016
Treasury Department Issues Commonwealth of Puerto Rico Audited Financial Statements for FY 2013-2014
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June 28, 2016
GDB and Puerto Rico Fiscal Agency and Financial Advisory Authority Joint Statement on Proposal Released by Bonistas Del Patio |
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June 21, 2016
GDB and Puerto Rico Fiscal Agency and Financial Advisory Authority Press Release |
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June 17, 2016
Puerto Rico Treasury Reports General Fund Net Revenues Totaled $713.8 Million |
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June 15, 2016
Puerto Rico Launches Initiative to Facilitate Communications with Bondholders |
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June 8, 2016
GDB Statement in Response to Proposal Released by G25 Credit Union Group |
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May 30, 2016
GDB Presentation before the Puerto Rico House of Representative's Treasury and Budget Commission on the State of the Public Debt and the Proposed General Budget for FY 2017 (in Spanish) |
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May 16, 2016
Puerto Rico Treasury Reports General Fund Net Revenues Totaled $1.28 Billion in April, $76.2 Million Above Estimates |
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May 6, 2016
Puerto Rico Planning Board Issues Economic Projections for FYs 2016 and 2017
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May 1, 2016
GDB Announces Framework of Indicative Terms for Restructuring with GDB Ad Hoc Group of Creditors
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April 29, 2016
GDB Announces Agreement with Puerto Rico Credit Unions |
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April 18, 2016
Two GDB Board Members Resign |
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April 13, 2016
Puerto Rico Treasury Reports General Fund Net Revenues Totaled $929.7 Million in March 2016 |
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April 11, 2016
The Working Group for the Fiscal and Economic Recovery of Puerto Rico Releases Restructuring Counterproposal
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April 8, 2016
Statement by the Government Development Bank in Light of the Recent Expressions made by the Ad Hoc Group of Bondholders |
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April 5, 2016
Government Development Bank Statement in Response to Statements from Advisors to the Ad Hoc Group of Bondholders |
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April 4, 2016
Government Development Bank Statement in Response to Litigation Filed Today Against the Bank |
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April 1, 2016
Government Development Bank Statement in Response to Recent Media Reports on the Future of the GDB |
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March 30, 2016
Statement of the Government Development Bank on its Liquidity Position |
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March 16, 2016
Puerto Rico Treasury Reports General Fund Net Revenues Totaled $767.5 Million in February 2016 |
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March 10, 2016
Public Notice for the Sale of Loans |
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February 29, 2016
Puerto Rico Government Representatives to Participate in the Global High Yield & Leveraged Finance Conference
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February 29, 2016
Puerto Rico Governor Calls for Union after Explaining the Situation of the Commonwealth (in Spanish) |
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February 19, 2016
Puerto Rico Treasury Reports General Fund Net Revenues Totaled $670.8 Million in January 2016 |
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February 16, 2016
Statement from Puerto Rico Officials on the Commonwealth's Release of Unaudited Basic Financial Statements and Required Supplementaray Information for FY 2014
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February 1, 2016
The Working Group for the Fiscal and Economic Recovery of Puerto Rico Releases Restructuring Proposal
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January 29, 2016
Statement from the Working Group for the Fiscal and Economic Recovery of Puerto Rico on Meetings with Creditors' Advisors |
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January 22, 2016
Puerto Rico Treasury Reports General Fund Net Revenues Totaled $844.8 Million in December 2015, $9.2 Million Below December 2017 Revenues and $2.5 Million Above Estimates |
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January 18, 2016
The Working Group for the Fiscal and Economic Recovery of Puerto Rico Releases Updated Fiscal and Economic Growth Plan
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December 30, 2015
The Government Development Bank for Puerto Rico Makes Announcement Regarding January 1, 2016 Debt Service Payments |
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December 14, 2015
Statement from Puerto Rico's GDB President, Treasury Secretary and OMB Director on the Decision of the Governor of Puerto Rico Not to Seek Reelection |
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December 14, 2015
Puerto Rico Treasury Announces November Revenues Totaled $488.6 Million; $15.4 Million Below Estimates and $36.7 Million Above November 2014 Revenues |
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December 4, 2015
Statement from the President of the GDB on the U.S. Supreme Court's Decision to Grant the Writs for Certiorari Filed by the Commonwealth of Puerto Rico and the GDB |
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December 1, 2015
Statement from the GDB Regarding December 1, 2015 Debt Service Payment
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November 19, 2015
GDB Announces Meeting with Creditors' Advisers |
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November 11, 2015
Treasury Announces October Revenues Totaled $626.6 Million; FYTD revenues were $2.571 billion, approximately $112.6 Million, or 4.6%, above revenues during the same period in FY 2015 |
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November 3, 2015
GDB President's Address Before the Treasury and Public Finance Commission of the Senate of Puerto Rico Regarding Resolution no. 111 (in Spanish)
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November 3, 2015
GDB Signs Deed of Trust with the Municipal Revenue Collection Center |
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October 27, 2015
Government Development Bank for Puerto Rico and Working Group for the Economic Recovery of Puerto Rico Announce Meeting with Bondholder Advisers |
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October 21, 2015
Statement from Governor García Padilla on the Obama Administration's Legislative Proposal to Address Puerto Rico's Urgent Fiscal Situation
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October 21, 2015
GDB Ends Discussions with Ad Hoc Group |
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October 16, 2015
Working Group Proposes Establishment of Puerto Rico Fiscal Oversight and Economic Recovery Board |
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October 15, 2015
Treasury Revenues for the First Quarter of FY 2015-16 Total $1.936 Billion, Exceeding Revenues for the Same Quarter Last Year by $161.9 Million and the Estimate for the Period by $18.8 Million |
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September 29, 2015
GDB President Melba Acosta Febo Addresses U.S. Senate Finance Committee, Calls for Federal Support for Commonwealth |
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September 29, 2015
GDB Files Writ of Mandamus Against Municipal Revenue Collection Center |
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September 25, 2015
Working Group Response to Morgan Stanley Sales and Trading Commentary |
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September 24, 2015
Working Group Meets with Governor and Legislature; Discusses Restructuring Process and Principles
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September 14, 2015
Puerto Rico Sales and Use Tax Collections Totaled $190.5 Million in August 2015, $22.2 Million Above Estimates |
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September 9, 2015
Governor García Padilla Addresses Public on the Working Group for the Fiscal and Economic Recovery of Puerto Rico's 'Fiscal and Economic Growth Plan' |
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September 9, 2015
The Working Group for Fiscal and Economic Recovery of Puerto Rico Announces Release of its Fiscal and Economic Growth Plan
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September 2, 2015
Statement from the GDB on PREPA Agreement with Ad Hoc Group
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August 18, 2015
Statement from the President of the GDB on the Lawsuit filed by House Representative Jenniffer González |
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August 14, 2015
Puerto Rico Treasury Revenues totaled $625.5 Million in July 2015 |
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August 11, 2015
Statement from GDB on Announcement of Upcoming Offering by PRASA |
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August 3, 2015
Statement from GDB President Melba Acosta Febo on the Service of Public Finance Corporation Bonds |
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July 24, 2015
Puerto Rico Treasury Revenues Total $8.961 Billion in FY 2015 |
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July 15, 2015
Governor Announces the Appointment of New Directors to the GDB Board of Directors |
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July 9, 2015
Governor García Padilla and GDB Announce Working Group for the Economic Recovery of Puerto Rico to Hold Meeting with Investors
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July 6, 2015
PFM, Inc. Retained as Independent Registered Municipal Advisor |
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July 1, 2015
PREPA Announced all Principal and Interest Due has been paid to Bondholders |
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July 1, 2015
Governor Signs Budget for FY 2016 |
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June 29, 2015
Puerto Rico’s Growth and Macroeconomic Situation and Prospects |
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June 29, 2015
Governor García Padilla and Government Development Bank for Puerto Rico Release Analysis of the Commonwealth’s Fiscal Condition
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June 24, 2015
Government Development Bank for Puerto Rico Announces Resignation of Chairman of the Board
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June 19, 2015
PREPA's Creditors Agree to Forbearance Extension (in Spanish) |
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June 12, 2015
Puerto Rico Treasury Revenues Total $647 Million in May |
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June 10, 2015
GDB Issues Statement on Bill 1350 |
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June 5, 2015
Governor PREPA's Creditors Agree to Forbearance Extension |
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June 2, 2015
The José M. Berrocal Institute for Economics and Finance Welcomes Talented Youth from Different Universities to its 13th Internship Program |
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June 1, 2015
Governor PREPA Delivers Recovery Plan to Creditors
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May 20, 2015
Governor García Padilla Introduces Budget Bill for FY 2016 |
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May 11, 2015
Treasury Collects Over $1.3 Billion in April 2015, Up $152 Million, or 12.9%, Compared to April 2014 |
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May 8, 2015
GDB Issues Quarterly Commonwealth Report |
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April 29, 2015
GDB President comments on Treasury Secretary's Call |
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April 15, 2015
PREPA's Creditors Agree to Forbearance Extension |
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April 10, 2015
Treasury Collects $838.6 Million, a $53.5 Million, or 6.8%, Increase Compared to March 2014 |
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April 8, 2015
GDB President Announces Government Banking Services |
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March 31, 2015
GDB President Melba Acosta Febo Speaks at "The Puerto Rico Turnaround" Forum |
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March 20, 2015
GDB Comments on Proposed Amendment to the Puerto Rico Constitution |
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March 18, 2015
PRHTA Comments on Refinancing of Short-Term BANs |
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March 17, 2015
GDB Comments on Enactment of Act No. 29 of 2015 |
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March 13, 2015
Treasury Collects $709.3 Million in February, Up by $39.4 Million, or 5.9%, compared to February 2014 |
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March 13, 2015
GDB President Melba Acosta Makes Firm Defense of Tax Reform Act |
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February 26, 2015
GDB President Melba Acosta Addresses U.S. House of Representatives Subcommittee on Regulatory Reform, Commercial and Antitrust Law
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February 25, 2015
Hacienda Prevails in Case Against Doral for $229 Million Reimbursement |
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February 13, 2015
Treasury Collects $700 Million in January |
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February 12, 2015
GDB President Comments on S&P's Ratings Services Action |
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February 10, 2015
Governor Proposes New Tax System |
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February 9, 2015
GDB President Expresses Disappointment with Commonwealth's District Court Ruling |
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February 9, 2015
Puerto Rico Justice Department Will Appeal the Decision Annulling the Puerto Rico Public Corporation Debt Enforcement and Recovery Act |
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February 6, 2015
GDB Appoints Todd L. Hagerman as Head of Investor Relations |
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January 30, 2015
GDB Releases December 2014 Economic Activity Index |
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January 16, 2015
Treasury Collects $854 Million in December |
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January 12, 2015
PFM, Inc. Retained as Independent Registered Municipal Advisor (General) |
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December 24, 2014
GDB Releases November 2014 Economic Activity Index |
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December 11, 2014
Treasury collects $452 Million in November |
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December 11, 2014
Statement from the President of the GDB on the Approval of House Bill 2212 by the Legislative Assembly |
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December 11, 2014
PFM, Inc. Retained as Independent Registered Municipal Advisor |
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December 9, 2014
Joint Statement from the President of the GDB Melba Acosta Febo and the Chairman of the Board of the GDB David H. Chafey Releases |
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November 26, 2014
GDB Releases October 2014 Economic Activity Index |
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November 12, 2014
Puerto Rico Treasury Collections Total $676 Million in October 2014, $7 Million above Estimates |
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October 31, 2014
GDB Highlights Support of PRHTA's Monoline Insurers for House Bill 2212 |
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October 30, 2014
GDB Releases September 2014 Economic Activity Index |
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October 30, 2014
Commonwealth of Puerto Rico Provides Update on Fiscal and Economic Progress |
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October 30, 2014
The Commonwealth Administration Files Bill to Improve Highways and Transportation Authority's Fiscal and Financial Situation |
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October 19, 2014
GDB and Treasury Provide Liquidity and Cash Flow Updates |
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October 15, 2014
Governor Alejandro García Padilla Further Strengthens Puerto Rico's Economic Team |
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October 14, 2014
GDB Statement on Rating Affirmation
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October 10, 2014
Puerto Rico Department of Treasury Issues Statement Regarding Doral Lawsuit |
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October 10, 2014
GDB Announces Sale of $900 Million Guaranteed Notes to Banking Syndicate |
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October 9, 2014
Treasury: First Quarter FY2014-15 Revenues Total Over $1.7 Billion, an Increase of $75 Million, or 4.4% |
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October 1, 2014
Puerto Rico Treasury Department Obtains Highest Monthly Preliminary SUT Revenues for September |
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September 26, 2014
GDB Releases August 2014 Economic Activity Index |
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September 11, 2014
Treasury: July and August Revenues Total $1,065 Million, a 10% Increase in FY 2015 |
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August 14, 2014
PREPA: PREPA Reaches Agreements with Creditors |
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August 7, 2014
Treasury: Strong Start to FY 2015: July 2014 Revenues Exceed July 2013 Revenues by $129 Million and Estimates by $37 Million |
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August 7, 2014
Treasury: General Fund Revenues - Monthly Revenue Estimates distribution |
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August 1, 2014
GDB Releases June 2014 Economic Activity Index |
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July 31, 2014
Treasury Secretary and GDB Chairman Comment on Standard & Poor's Ratings Services Report |
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July 24, 2014
Puerto Rico Government Opposes Doral Financial Corp's Request for Declaratory Judgment and is Committed to Vigorously Defend Interests of the People of Puerto Rico |
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July 22, 2014
Puerto Rico and PREPA Vigorously Defend the Constitutionality of the Recovery Act
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July 17, 2014
Commonwealth of Puerto Rico Provides Update on Fiscal and Economic Progress |
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July 11, 2014
GDB Chairman and Treasury Secretary Provide Joint Comment on Recent Statements from Ratings Agencies |
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July 11, 2014
Public Financial Management, Inc. Retained as Independent Registered Municipal Advisor |
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July 11, 2014
Treasury Department: Closing of FY 2013-14: Preliminary Fiscal Year Revenue Exceeds Final Audited Prior Year Revenue by $475 Million |
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July 10, 2014
GDB and Treasury Reiterate Puerto Rico's Unwavering Commitment to Strengthen the Commonwealth's Credit |
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July 9, 2014
GDB Chairman and Treasury Secretary Provide Joint Comment on Recent Statements from Ratings Agencies & Reaffirm the Strength of the COFINA Credit |
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July 7, 2014
PREPA Announces Agreement with Lenders |
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July 1, 2014
GDB Chairman and Treasury Secretary Provide Joint Comment on Approval of Puerto Rico's First Balanced Budget in 22 Years |
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July 1, 2014
Treasury Department Submits Commonwealth of Puerto Rico Audited Financial Statements for FY 2012-2013 |
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June 25, 2014
Governor Alejandro García Padilla Presents Bill for Debt Enforcement and Recovery of Public Corporations |
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June 10, 2014
Preliminary May 2014 Collections Up $141 Million Compared to Prior Year Period; Exceed Estimate by $29 Million |
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June 6, 2014
Commonwealth Government Files Petition to Dismiss Doral's Complaint Before the Commonwealth Court |
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May 15, 2014
Puerto Rico Treasury Department Confirms Doral Financial Corporation's Requested Tax Refund Not Proper in Law |
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May 9, 2014
April Revenues Increase $196, or 20%, Year-Over-Year; Year-To-Date Revenues Exceed Prior Year Period By $465 Million |
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April 30, 2014
Joint Statement from GDB Chairman and Treasury Secretary on Fiscal 2015 Budget |
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April 23, 2014
PRIDCO: Honeywell Aerospace to Expand its Presence in Puerto Rico with a new High-Tech Laboratory |
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April 22, 2014
Puerto Rico Governor Calls a Joint Session to Deliver the State of the Commonwealth and Budget Address |
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April 11, 2014
GDB Chairman and Treasury Secretary Comment on Supreme Court's Decision on Teachers Pension Reform |
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April 8, 2014
Preliminary Fiscal Year YTD Revenues Surpass Last Year Period by $269 Million or 4.6% |
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March 26, 2014
GDB Interim President Announces New Addition to PRSI |
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March 14, 2014
Response to Recent Market Speculation |
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March 11, 2014
Government Development Bank for Puerto Rico Places $3.5 Billion General Obligation Bonds |
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March 5, 2014
Government Development Bank for Puerto Rico Announces Disclosure of Special Liquidity Update |
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March 4, 2014
Treasury: Preliminary Collections for February Exceed Estimate by $57 Million; Cumulative Fiscal Year Collections Increased by $491 Million over the Same Period Last Year |
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March 4, 2014
Joint Statement from Treasury Secretary and GDB Chairman on Passage of Bill Approving GO Bond Financing |
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February 28, 2014
Joint Statement from Treasury Secretary and GDB Chairman on Provisional Rating Assigned by Moody's |
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February 19, 2014
GDB Provides Update on Financing Plans During Investor Webcast |
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February 11, 2014
Joint Statement from Treasury Secretary and GDB Chairman Regarding Fitch Ratings Action |
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February 11, 2014
Puerto Rico Announces Underwriters for Upcoming General Obligation Bond Financing; Reschedules Webcast for February 18 |
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February 10, 2014
Treasury Reports Preliminary Collections for January Total $664 Million; January SUT Revenues Reach Record Amount of $129.9 Million |
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February 7, 2014
Treasury Secretary and GDB Chairman Provide Joint Comment on Moody's Investors Service's Action |
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February 6, 2014
GDB, Treasury, and OMB to Host Investor Webcast on February 12, 2014 |
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February 4, 2014
Treasury Secretary and GDB Chairman Comment on S&P's Ratings Services Actions |
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February 3, 2014
PR Treasury Secretary Announces Final December Revenues |
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February 3, 2014
PR Governor García Padilla to Balance Budget for FY 2014-2015 |
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January 26, 2014
Puerto Rico's Fiscal Team Meeting with Rating Agencies |
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January 24, 2014
Statement by GDB: Comment on S&P Ratings Report |
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January 15, 2014
Statement from the GDB and Treasury Department on Speculation on the Commonwealth´s Credit |
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January 9, 2014
PR Treasury Secretary Announces Record December Preliminary Revenue |
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January 8, 2014
OMB: FY 2014 YTD Expenses Within Budget Driven by Payroll Reduction of 6% from Prior Year and Department of Education Measures |
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December 26, 2013
GDB Announces Placement of $110 Million in Senior Guaranteed Notes |
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December 26, 2013
PR Governor García Padilla Signs into Law Critical Pension Reform Measures |
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December 20, 2013
Statement by the GDB; Comment on Moody's Rating Action |
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December 12, 2013
PR Treasury Reports YTD Revenues for FY2014 Up $335 Million YOY and $79 Million Above Budget Estimates |
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December 11, 2013
Statement by the PR Treasury Department and GDB |
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November 14, 2013
Statement by the GDB: Comment on Fitch Rating Affirmation |
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November 14, 2013
Commonwealth Governor Announces Important Investment and Expansion of Fortune 500 Pharmaceutical Company in Puerto Rico |
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November 13, 2013
Treasury Announces Measures to Strengthen Efforts Against Tax Evasion |
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November 6, 2013
GDB Recognized for Excellence in Financial Reporting
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November 4, 2013
Treasury Reports Significant Increase of $262 Million in Preliminary Revenues for the month of October 2013 |
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October 31, 2013
GDB Comments on Conference Call About COFINA Legal Opinions |
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October 28, 2013
GDB to Host Conference Call on October 31 to Discuss COFINA Legal Opinions |
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October 25, 2013
GDB Reschedules Publication of Economic Activity Index Report Due to Federal Government Shutdown |
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October 23, 2013
GDB Announces Disclosure of Additional Materials on Website |
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October 15, 2013
GDB Provides Update on Fiscal and Economic Development Progress |
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October 14, 2013
Treasury Announces Final First Quarter Revenues |
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October 10, 2013
Puerto Rico's Fiscal Position is Strengthened by the Passage of Bill Amending Dedicated Sales Tax Fund Act |
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October 10, 2013
GDB to Host Investor Webcast on October 15 |
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October 7, 2013
Treasury Announces Preliminary September Revenues Reflecting a $109 Million, or 18% Increase |
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October 3, 2013
Joint Statement from Treasury Secretary and GDB Interim President |
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September 30, 2013
Treasury Secretary and GDB Interim President Comment on S&P Reaffirmation of COFINA Ratings and on Fiscal and Economic Plans |
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September 25, 2013
Treasury Secretary and GDB Interim President Announce Amendments to COFINA Act that Will Facilitate More Cost-Effective Financing for the Commonwealth |
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September 19, 2013
Treasury Department: July and August Revenues Exceed Estimates (Correction) |
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September 16, 2013
Treasury Department Submits Commonwealth of Puerto Rico Comprehensive Annual Financial Report for FY 2011-2012 |
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September 13, 2013
The Chairman and the Interim President of the GDB Categorically Deny Laying Off Public Employees is an Option |
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September 10, 2013
Joint Statement from Treasury Secretary Melba Acosta and Chairman of the Board of Directors of the GDB David Chafey |
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September 10, 2013
GDB Comments on Recent Market Activity and Revised Financing Plan |
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September 6, 2013
Commonwealth and GDB Express Commitment to Transparency and Timely and Accurate Disclosure to Investors |
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September 4, 2013
Secretary of Economic Development Expresses Satisfaction with Puerto Rico's Ranking in the WEF's Global Competitiveness Report |
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August 29, 2013
The GDB Announces Successful Placement of $400 Million for the PRHTA |
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August 29, 2013
Treasury Department Begins Fiscal Year on a Positive Note |
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August 26, 2013
GDB Acting President Expresses Confidence about the Fiscal Stabilization and Economic Development Strategies of the Commonwealth |
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August 19, 2013
Treasury Department Substantially Reduces Fiscal Deficit for Fiscal Year 2012-2013 |
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August 7, 2013
PREPA Successfully Returns to Municipal Bond Market |
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July 17, 2013
Governor thanks Javier Ferrer for his work |
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July 12, 2013
PR Housing Department and PRHFA Launch House Purchase Subsidy Program (in Spanish) |
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July 10, 2013
Fiscal Team Visits Rating Agencies Again |
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June 26, 2013
Statement Priority Projects Approved Through Public-Private Partnerhships |
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June 26, 2013
Statement by GDB-Puerto Rico Highways and Transportation Authority-Act 30 and Act 31 of 2013 |
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June 24, 2013
Governor's Statement in Response to the Supreme Court Decision Regarding the Constitutionality of Act 3 of 2013 |
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June 20, 2013
Government Presents Measures to Address PRHTA's Fiscal Situation |
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June 18, 2013
Treasury Department Collects $612 Million in May; a 2.6% Year-Over-Year Increase |
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June 18, 2013
GDB Clarifies Tax Refund Checks Situation |
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June 17, 2013
New Executive Vice President for Financing Appointed at GDB |
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June 3, 2013
GDB's 11th José M. Berrocal Institute for Economics and Finance Internship Program Begins |
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May 29, 2013
Statement by the GDB about PRHTA $139,875,000 GARVEE bonds (series 2004) |
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May 23, 2013
Projected Revenue Shortfall for June 30, 2013 Now $295 Million From Original Estimate of $965 Million, a 69% Reduction |
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May 9, 2013
Statement from GDB President |
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May 8, 2013
GDB President and Treasury Secretary Visit Rating Agencies Again to Communicate Fiscal Stabilization Efforts |
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April 18, 2013
Treasury: March Revenues Reduce fiscal Deficit
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April 5, 2013
Puerto Rico Enacts Sweeping Pension Reform |
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March 27, 2013
S&P Places POBs on Creditwatch; Downgrades PRASA's Rating |
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March 20, 2013
Fiscal Team Continues Efforts Aimed at Communicating the Commonwealth's Plans to Stabilize Fiscal Situation |
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March 20, 2013
As anticipated, Fitch Brings PR's Credit Rating to the Same Level as Moody's and S&P's Rating |
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March 14, 2013
S&P Views Proposed Pension Reform as "Major" and Acknowledges Corrective Actions By Current Administration But Lowers Puerto Rico's Rating |
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March 12, 2013
GDB and Treasury Heads Stress Urgency of Pension Reform |
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February 27, 2013
Permanent Solutions to Financial Crisis of Pension Systems
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December 21, 2012
GDB Board and Governor's Council of Secretaries Approve Appointments of Javier D. Ferrer and David Chafey, Jr. |
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December 17, 2012
Governor-elect García Padilla Comments on Moody's Downgrade and New Economic and Fiscal Team |
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December 13, 2012
Moody's Lowers Puerto Rico's Credit Rating |
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November 28, 2012
GDB Consolidates its Financial Strength and Supports Puerto Rico's Economic Development |
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October 2, 2012
S&P Affirms UPR Bonds Classification and Positive Outlook |
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September 27, 2012
Economic Activity Index Stays Positive
Presentation: Economic Activity Index for the month of July 2012 |
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September 27, 2012
GDB President to Discuss PR's Successful P3 Activities at Bloomberg State & Municipal Finance Conference |
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September 7, 2012
Several Government Bond Ratings Affirmed |
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August 10, 2012
Economic Activity Index on a Positive Path for More than Six Months
Presentation: Economic Activity Index for the month of June 2012 |
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July 3, 2012
Economic Activity Index Marks Fifth Consecutive Month in Positive Territory
Presentation: Economic Activity Index for the month of April 2012 |
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June 13, 2012
Successful Issue by PFC Exceeds Government Expectations |
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June 8, 2012
Successful Bond Issue by Public Buildings Authority |
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May 16, 2012
Economic Activity Index Marks First Positive Quarter Since 2006 |
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May 10, 2012
Puerto Rico's Economy on the Right Track |
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May 7, 2012
Office of Management and Budget: Press Release and Quarterly Budget Review - Fiscal Year 2012, Jan-Mar (Read the QBR) |
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April 19, 2012
Puerto Rico's Economy Grows at a Greater Rate than Expected |
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April 12, 2012
Successful Bond Issue by PREPA |
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April 10, 2012
Economic Activity Index Continues on Positive Terrain in 2012 |
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March 21, 2012
Office of Management and Budget: Quarterly Budget Review - Fiscal Year 2012, Oct-Dec |
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February 10, 2012
PR's Economic Activity Shows First Positive Growth since March 2006
Presentation: Economic Activity Index for the month of December 2011 |
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February 9, 2012
Office of the Governor: Puerto Rico Governor Announces Loan Guarantees Program |
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January 12, 2012
Economic Activity Index Rises for Third Consecutive Month
Presentation: Economic Activity Index for the month of November 2011 |
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December 5, 2011
Economic Activity Index Continues on Upward Trend
Presentation: Economic Activity Index for the month of October 2011 |
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November 3, 2011
Economic Activity Index Rises in September
Presentation: Economic Activity Index for the month of September 2011 |
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October 18, 2011
Office of Management and Budget: Quarterly Budget Review - Fiscal Year 2012, Jul-Sep |
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August 10, 2011
Investors Fully Trust Puerto Rico Bonds |
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August 8, 2011
Pension System's Financial Situation Affects Puerto Rico's Credit Rating |
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July 6, 2011
Office of Management and Budget: Puerto Rico Stands Behind its Commitment to Transparency |
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May 11, 2011
Economy Continues on Upward Path
Presentation: Economic Activity Index for the month of March 2011 |
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April 12, 2011
Office of the Governor: Puerto Rico Governor Fortuño Outlines Deficit-Reducing 2012 Budget |
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April 3, 2011
The Economy Is Improving
Presentation: Economic Activity Index for the month of February 2011 |
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March 7, 2011
Office of the Governor: Puerto Rico Gets Good Marks from S&P for Fiscal and Economic Progress |
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February 16, 2011
Office of the Governor: Governor Appoints Juan Carlos Batlle President of GDB |
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February 11, 2011
$356 Million Successfully Sold in GO Bonds |
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February 8, 2011
Office of the Governor: Puerto Rico Is Overcoming |
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February 3, 2011
S&P Reaffirms GDB's Investment Grade Ratings and Stable Outlook
See Full S&P Report |
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January 31, 2011
Office of the Governor: Puerto Rico Tax Reform Enacted |
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January 20, 2011
Office of the Governor: New Positive Rating for Puerto Rico's Credit
See Full Fitch Report |
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November 29, 2010
Office of the Governor: PR's Credit Outlook Improved and Economic Activity Shows Improvement
See S&P Release and Full Report |
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September 21, 2010
Launching of Desarrollo para el Pueblo, a Program Promoting Entrepreneurship and Employment Generation
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September 3, 2010
Economic Activity Index Fell in July After Five Consecutive Months of Improvement
See Presentation |
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August 10, 2010
Moody's Reaffirms A3 Rating for Puerto Rico's Credit |
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June 23, 2010
GDB Announces Fourth Consecutive Month of Economic Activity Index Growth
See Presentation |
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June 8, 2010
Government Development Bank Announces Upcoming Bond Issues |
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May 24, 2010
GDB-EAI Increases for the third consecutive month
See Presentation |
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May 4, 2010
Treasury Department: Treasury Department Changes Reporting Methodology for Sales and Use Tax |
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April 25, 2010
Economic Activity Index for the month of March 2010
See Presentation |
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April 22, 2010
Electric Power Authority´s successful bond sale exceeds $1.3 billion |
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April 21, 2010
Puerto Rico Bonds Safe from Junk Status Danger |
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April 20, 2010
Office of the Governor:Puerto Rico Gets "A3" Rating, the Highest Assigned by Moody's to the Local Government Since 1975 Only in Spanish |
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March 28, 2010
Electric Power Authority Successfully Places $822 million Bond Sale |
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February 25, 2010
Office of the Governor: Fortuño to name Special Com-mission to Reform the Government's Retirement System |
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February 5, 2010
Supreme Court Upheld Act 7 |
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February 3, 2010
Treasury Department: Treasury Department Reports Revenues for December
See Presentation |
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January 30, 2010
GDB Economic Activity Index for the Semester Ended on December 2009 Reflects Further Initial Signs of Stabilization
See Presentation |
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January 28, 2010
GDB Successfully Sells COFINA Bonds |
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December 30, 2009
GDB Economic Activity Index for November 2009 continues to show signs of stabilization for the Puerto Rico Economy.
See Presentation |
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December 27, 2009
Record $1,623 Million in GDB Notes, More than Double Expectations, Garners Solid Support from Puerto Rico Investors |
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December 1, 2009
Treasury Department: Treasury Department Announces October's General Fund Net Revenues Four Month Total Exceeds Projections By $33 Million |
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November 27, 2009
GDB releases Economic Activity Index for October 2009. |
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November 23, 2009
GDB Announces Upcoming Bond Issues |
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November 11, 2009
Council of Economists to Advise the Governor. Members HERE |
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November 3, 2009
FRSB: FRSB Announces Re-Notification Process of Union Workers
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November 2, 2009
GDB Economic Activity Index for September 2009: EAI Shows Initial Signs of Stabilization of P.R. Economy
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October 30, 2009
Treasury Department: Treasury Revenues Exceed Estimates by $23 million |
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October 28, 2009
GDB and P.R. Tourism Company Grant $62 Million Loan to Complete El Condado Duo and Generate 1,182 Permanent Direct Jobs |
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September 25, 2009
Fiscal Reconstruction and Stabilization Board (FRSB) Announces Final Round of Layoffs |
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September 3, 2009
PPPA: P.R. Public-Private Partnerships Authority's Proposed PPP Regulations Available for Public Comment
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September 1, 2009
Office of the Governor: Governor Announces Board Members of Public-Private Partnerships Authority |
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August 21, 2009
PR Planning Board: Planning Board Revises Economic Figures: GNP Declined in FY2009 and Forecast Improvement in FY2010 |
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August 17, 2009
Office of the Governor: Governor Presents his Administrations' Legislative Agenda
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August 10, 2009
PPPA: P.R. Public-Private Partnerships Authority Launches its Website
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August 7, 2009
Office of the Governor: Sale of Economic Cooperation with Puerto Rico Savings Bonds Begins Throughout the Island
List of Participating Institutions (only in Spanish)
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August 6, 2009
FRSB: U.S. District Court Upholds Validity of Act 7
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August 6, 2009
Treasury Department: Treasury Department Exceeds Revenues Estimate
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July 1, 2009
Governor signs budget for fiscal year 2009-2010 |
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June 11, 2009
Successful U.S. Sale of COFINA Bonds: An Achievement in the Fiscal Reconstruction Plan
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June 8, 2009
Office of the Governor: Governor Signs Public-Private Partnerships Act
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May 29, 2009
FRSB: First Round of Layoffs Begins
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May 18, 2009
Office of the Governor: P.R. Bonds Get Better Grades: Moody's and Standard & Poor's Upgrade COFINA Bonds |
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April 29, 2009
Deficit Certification Letter, Signed by P.R. Treasury Secretary, GDB President and P.R. OMB Director Only in Spanish
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March 25, 2009
Communication between GDB and Federal Administration Ongoing |
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March 11, 2009
GDB and FirstBank Grant Loans to the Government of Puerto Rico
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March 9, 2009
Office of the Governor: P.R. Governor Rico signs into law Economic and Fiscal
Reconstruction Plan |
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March 6, 2009
Legislature Approves Bills for P.R.'s Fiscal and Economic Reconstruction
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February 27, 2009
S&P’s Decision to Downgrade Bonds of P.R. Highways and
Transportation Authority worries GDB
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February 26, 2009
GDB Acknowledges S&P’s Decision to Downgrade PR Ports Authority Bonds
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Febuary 19, 2009
GDB Opens Credit Conference Aimed at P.R.'s Fiscal Reconstruction
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Febuary 9, 2009
PR Planning Board: The Board Revises Economic Figures for FY 2008 and Updates Forecasts for FYs 2009 and 2010
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January 20, 2009
Government Development Bank for Puerto Rico Announces its New Management Team
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January 8, 2009
Office of the Governor: Governor Receives Fiscal and Economic Reconstruction Advisory Board’s Recommendations
See the Executive Summary of the Report to the Governor on Fiscal Reconstruction by the Economic and Fiscal Reconstruction Advisory Council |
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December 22, 2008
GDB Exceeds Expectations as Liquidity is Strengthened with Bond Issue that Reaches $1.2 Billion
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December 4, 2008
PRHFA Wins The Bond Buyer’s “Deal of the Year Award”
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December 2, 2008
GDB Reports Public Housing Administration Issue Receives The Bond Buyer Award
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November 6, 2008
Commonwealth of Puerto Rico successfully issues $887 million in trans notes
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September 4, 2008
Commonwealth Places $250 Million in GO Bonds to Finance Public Works: Credit Rating Reaffirmed
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August 7, 2008
HUD: HUD Approves Historic Financial Deal: More than 4,100 Public Housing Units to Be Built in Puerto Rico
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June 17, 2008
Puerto Rico Electric Power Authority raises $700 million in investment grade bonds for capital improvement program
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June 2, 2008
GDB begins Sixth Summer Internship for University Students
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March 18, 2008
S&P recognizes improved expenditure controls in maintaining investment grade rating for Commonwealth debt
view S&P Report |
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February 22, 2008
GDB temporarily postpones Pension Bond Issue due to turbulent international market conditions |
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February 1, 2008
Minia González-Álvarez appointed Acting Administrator of Retirement System for Executive and Judicial Brand Employees |
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January 24, 2008
Puerto Rico Sells $1.4 Billion in Local Market in Retirement System's First Bond Issue, Double Original Expectations |
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January 3, 2008
GDB appoints: Luis I. Alfaro as EVP and Director of Financing, Camille Toro SVP and Director Infrastructure Development Projects Financing and Julio Caraballo VP and Acting Treasurer |
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December 13, 2007
Standard & Poor's raises credit rating for the Government Development Bank for Puerto Rico
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December 5, 2007
PBA places $900 in bonds after improvement of the Commonwealth's rating outlook |
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November 12, 2007
Chief of Staff presents progress on the implementation of the Economic Development and Government Transformation Plan |
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October 30, 2007
Commonwealth to evaluate infrastructure investment opportunities in Puerto Rico Infrastructure Forum |
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October 17, 2007
Puerto Rico places $1 billion in Revenue Anticipation Notes with the highest rating |
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October 3, 2007
The Commonwealth successfully refinances $1 billion in General Obligation Bonds |
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September 20, 2007
The Commonwealth of Puerto Rico places $500 million in General Obligation Bonds |
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August 29, 2007
Jorge Irizarry named acting president of the Government Development Bank for Puerto Rico |
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August 6, 2007
Treasury Department meets its revenue goal; sales and use tax collections exceed expectations |
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July 18, 2007
COFINA's Bond Sale in the Puerto Rico Local Market Reaches $1.3 Billion, Exceeding Expectations |
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July 11, 2007
Historical Puerto Rico $2.6 Billion Bond Issue Placed Successfully by COFINA in U.S. Municipal Bond Market |
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July 6, 2007
Governor signs law establishing mechanism to pay off extraconstitutional debt |
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July 2, 2007
Secretary of the Treasury informs revenues to the General Fund for May 2007 |
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June 30, 2007
Governor signs $9,227 million General Budget into law |
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June 27, 2007
Commonwealth to Sell Historic Bond Issue to Repay Appropriation Debt; transaction receives the highest bond rating for Puerto Rico in three decades |
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June 25, 2007
GDB President pleased by approval of bond issue; expresses concern about proposed tax relief measure |
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May 8, 2007
Secretary of the Treasury declares that analysis by the Center for the New Economy is inaccurate |
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April 30, 2007
Secretary of the Treasury informs Preliminary Revenues to the General Fund for March |
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April 18, 2007
Puerto Rico Electric Power Authority places $1.945 billion in bond sale, generating $645 million for improvements |
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April 10, 2007
More and better jobs on the Island: Abbott of Puerto Rico announces million dollar expansion |
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April 2, 2007
Electric Power Authority receives reaffirmation of credit from Moody's and obtains an A- rating from Fitch for the first time |
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March 30, 2007
Secretary of the Treasury informs Preliminary Revenues to the General Fund for February |
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March 30, 2007
Sale of PR Telephone to benefit Retirement System |
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February 21, 2007
Puerto Rico to Sponsor Credit Forum Expected to Attract Mainland Investors and Financial Executives |
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February 14, 2007
Puerto Rico Highways and Transportation Authority Saves $100 Million with New Debt Refunding Bond Issue |
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December 19, 2006
PRIDCO reports industrial promotion at steady course. Data on Industrial Promotions as of Nov 2006.
Data on Industrial Promotions as of Nov 2006 |
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November 30, 2006
UPR sells a bond issue of over $540 million with great acceptance by investors |
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October 25, 2006
Governor announces historical bond issue for the Tourism Company |
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October 22, 2006
Chief of Staff announces Economic Development and Government Transformation Plan |
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October 19, 2006
Governor inaugurates new Lilly del Caribe Biotechnology Plant |
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October 18, 2006
$875 million in Tax and Revenues Anticipation Notes Sold |
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October 5, 2006
Puerto Rico: Home to only Microsoft replication plant in the world dedicated to DVD manufacture |
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October 3, 2006
Governor announces $58 million expansion of Pall Life Sciences in Fajardo to create 250 new jobs. |
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September 29, 2006
GDB $2 million line of credit to enable Port of Mayagüez to make improvements and increase trade activity |
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September 28, 2006
PBA to complete 93 projects with $208 million line of credit from GDB |
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September 15, 2006
PRIFA issues $424 million in bonds to finance infrastructure development for Central American Games |
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September 11, 2006
PRASA refinances $250 million as another step toward self-sufficiency |
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September 7, 2006
PBA Board of Directors addresses and clarifies claims made by Labor Union President |
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August 28, 2006
Governor announces the construction of new Sheraton Hotel at the Convention Center District |
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August 18, 2006
Governor appoints new director for the Office of Management and Budget |
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August 17, 2006
Commonweath places $190 million in GO Bonds on Local Market; Strong Demand by Individual Investors |
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August 10, 2006
Fourth Summer Internship of the José M. Berrocal Economics and Finance Institute Ends |
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August 2, 2006
Puerto Rico recovers bond buyer's confidence with $838 million general obligation bond issue |
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July 21, 2006
Moody's removes Puerto Rico's credit from Watchlist |
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July 20, 2006
Standard & Poor's removes Puerto Rico's Credit from CreditWatch |
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July 17, 2006
To reinvest PRT Share Dividends for the benefit of the Retirement Fund |
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June 30, 2006
Planning Board revises economic estimates for FY2006 and FY2007 |
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June 15, 2006
Historical Meeting of the Government and the Pharmaceutical Industry |
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May 17, 2006
GDB Board of Directors approved a loan to take care of the deficit and authorized GO issue |
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May 17, 2006
GDB issues $810 million in Notes to increase its liquidity |
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May 8, 2006
Moody's downgrades Puerto Rico's credit and keeps it on its Watchlist |
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May 5, 2006
Moody's to evaluate Puerto Rico's Credit |
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March 22, 2006
Standard & Poor's places Commonwealth Rating on CreditWatch |
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March 15, 2006
Great acceptance of Convention Center District Authoiry Bond Issue |
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March 9, 2006
Convention Center District Authority to issue $450 million in bonds thanks to the sustained growth of the tourism industry |
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February 27, 2006
Moody's places Puerto Rico's Credit Rating in Watchlist for a possible downgrade |
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December 8, 2005
Investors Wholeheartedly Welcome the Municipal Finance Agency's $730 Million Deal
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November 14, 2005
Standard & Poor's revises the Municipal Finance agency's credit rating |
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September 9, 2005
Highway Authority prepares to issue over $2 billion in bonds |
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August 19, 2005
GDB Board of Directors designates Alfredo Salazar as Acting President |
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July 21, 2005
GDB Begins meetings to prepare five-year fiscal plan |
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June 10, 2005
GDB President urges the approval of act to manage the Retirement System deficit |
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June 1, 2005
$1.3 Billion PRIFA Bond Issue confirms Investor’s Preference for Puerto Rico Bonds |
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May 26, 2005
GDB President announces the third Summer Internship of the José M. Berrocal Institute for Economics and Finance |
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May 24, 2005
Standard & Poor's coincides with Moody's in reasons to downgrade credit: GDB President presents plan to face the situation |
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May 19, 2005
Change in credit rating by Moody's reflect prevailing fiscal situation |
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May 16, 2005
Commonwealth Economic Team presents fiscal situation to rating agencies and meet with legislative leaders |
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April 21, 2005
Credit Rating Agencies Monitor Budget Approval Process in the Legislature |
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April 15, 2005
New Financing Vice President at GDB |
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April 7, 2005
GDB President recommends innovative measures for the strategic management of public debt |
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March 23, 2005
PREPA Places over $1 billion in the tax exempt market generating over $500 million for capital improvements |
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March 15, 2005
Secretary of State swears in new GDB Board of Directors |
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March 1, 2005
Commonwealth Economic Team presents Fiscal Situation to Rating Agencies |
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November 10, 2004
GDB President report achievement of last four years
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September 23, 2004
$800 million issue in TRANS |
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September 22, 2004
Commonwealth issues $442.7 million in General Obligation Bonds |
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September 21, 2004
GDB creates special program to grant loans to municipalities affected by Tropical Storm Jeanne |
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August 11, 2004
PREPA saves $21 million through $225 million refinancing |
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June 9, 2004
Record savings attained from the placement of $1.3 billion of the Puerto Rico Public Finance Corporation |
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May 11, 2004
$1.168 billion bond issue sold by PBA. |
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