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Press Releases |
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June 23, 2010
Economic Activity Index for the month of May 2010 (Only in Spanish)
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 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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March 28, 2010
Electric Power Authority Successfully Places $822 million Bond Sale |
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February 25, 2010
Fortuño to name Special Commission 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 Reports Revenues for December
See Presentation |
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February 1, 2010
State of the State Message |
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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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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 17, 2009
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 12, 2009
Council of Economists to Advise the Governor. Members HERE |
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November 3, 2009
FRSB Announce Re-Notification Process of Union Workers
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November 2, 2009
GDB Publishes Economic Activity Index for September 2009: EAI Shows Initial Signs of Stabilization of P.R. Economy
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October 30, 2009
Treasury Revenues Exceed Estimates by $23 million |
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October 29, 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
P.R. Public-Private Partnerships Authority: Proposed PPP Regulations Available for Public Comment
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September 2, 2009
Governor Announces Board Members of Public-Private Partnerships Authority
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August 21, 2009
Planning Board Revises Economic Figures: GNP Declined in FY2009 and Forecast Improvement in FY2010
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August 17, 2009
Governor Presents his Administrations' Legislative Agenda
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August 10, 2009
P.R. Public-Private Partnerships Authority Launches its Website
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August 7, 2009
Sale of Economic Cooperation with Puerto Rico Savings Bonds Begins Throughout the Island
List of Participating Institutions
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August 6, 2009
U.S. District Court Upholds Validity of Act 7
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August 6, 2009
Treasury Dept. 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
Governor Signs Public-Private Partnerships Bill
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June 1, 2009
Commonwealth of P.R. Financial Information and Operating Data Report (Issued May 15, 2009)
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May 29, 2009
FRSB Announces the Beginning of First Round of Layoffs
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May 18, 2009
P.R. Bonds Get Better Grades: Moody's and Standard & Poor's Upgrade COFINA Bonds Governor Signs Public-Private Partnerships Bill
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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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April 29, 2009
Governor Fortuño's Address: FY 2009-2010 Proposed Budget
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May 29, 2009
First Round of Layoffs Begins
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March 25, 2009
Legislature Approves Bills for P.R.'s Fiscal and Economic Reconstruction
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March 11, 2009
Legislature Approves Bills for P.R.'s Fiscal and Economic Reconstruction
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March 9, 2009
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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March 3, 2009
Gov. Fortuño Presents Bills to Legislative Assembly: Message on P.R. Economic Situation
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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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February 9, 2009
Planning Board Revises Economic Figures for FY 2008 and Updates Forecasts for FYs 2009 and 2010
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Febuary 9, 2009
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
Executive Summary: Report to the Governor on Fiscal Reconstruction by the Economic and Fiscal Reconstruction Advisory Council
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January 8, 2009
Governor Receives Fiscal and Economic Reconstruction Advisory Board’s Recommendations |
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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 Approves Historic Financial Deal: More than 4,100 Public Housing Units to Be Built in Puerto Rico
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June 18, 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
Secretary of the Treasury informs Preliminary Revenues to the General Fund for February |
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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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