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, […]
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 […]
Puerto Rico’s economic growth is slowing as federal recovery funding loses momentum and long-standing structural challenges persist, according to the latest quarterly report from the Financial Oversight and Management Board.
The Financial Oversight and Management Board for Puerto Rico is planning its next public board meeting at the Puerto Rico Convention Center Dr. Pedro Rosselló on May 20, as the agency continues discussions surrounding Puerto Rico’s long-term fiscal framework, tax relief measures and energy policy. The development comes as the Oversight Board voiced support for […]
Expands Operational Flexibility Through Aug. 9 The U.S. Department of Energy on Monday renewed two emergency orders under Section 202(c) of the Federal Power Act that provide the Puerto Rico Electric Power Authority (PREPA) temporary authority to run designated generation resources, as needed, to maintain an adequate supply of electricity and avoid large-scale reliability events. The DOE […]
Puerto Rico treats hundreds of medical travelers each year from across the Caribbean—patients who arrive not for convenience or cosmetic care, but because lifesaving services do not exist where they live. Throughout the years, the Puerto Rico government has made efforts to boost medical tourism, primarily with patients from the U.S. mainland, but without much […]
The Senate President argued that the current permit system allows for bureaucrats to make arbitrary decisions when evaluating permit applications Despite public disagreements with the governor about her proposed permit reform, House Speaker, Carlos “Johnny” Méndez and Senate President Thomas Rivera Schatz both expect to accomplish permit reform by the end of the legislative session. […]
Nearly a decade after Congress imposed the Financial Oversight and Management Board through Promesa, Puerto Rico stands at a critical crossroads. While the Island has restructured most of its debt and restored fiscal stability in some areas, unresolved challenges—including Prepa’s bankruptcy, stalled fiscal reforms, and questions about long-term economic sustainability—continue to fuel debate over the Board’s legacy and Puerto Rico’s future after Promesa.
Puerto Rico tourism is heading for a strong summer, with higher demand, record revenue, and growth in international markets.
