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Press Releases

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2014

 

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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

 

2013

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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


2012

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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


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


2010

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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


2009

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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

arrow November 3, 2009
FRSB: FRSB Announces Re-Notification Process of Union Workers
arrow 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

arrow 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

arrow 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
 
               

arrow March 25, 2009
Communication between GDB and Federal Administration Ongoing
arrow March 11, 2009
GDB and FirstBank Grant Loans to the Government of Puerto Rico
arrow March 9, 2009
Office of the Governor: P.R. Governor Rico signs into law Economic and Fiscal Reconstruction Plan
arrow March 6, 2009
Legislature Approves Bills for P.R.'s Fiscal and Economic Reconstruction
arrow February 27, 2009
S&P’s Decision to Downgrade Bonds of P.R. Highways and
Transportation Authority worries GDB

arrow February 26, 2009
GDB Acknowledges S&P’s Decision to Downgrade PR Ports Authority Bonds

arrow Febuary 19, 2009
GDB Opens Credit Conference Aimed at P.R.'s Fiscal Reconstruction

arrow Febuary 9, 2009
PR Planning Board: The Board Revises Economic Figures for FY 2008 and Updates Forecasts for FYs 2009 and 2010

arrow 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


2008

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arrow December 22, 2008

GDB Exceeds Expectations as Liquidity is Strengthened with Bond Issue that Reaches $1.2 Billion
arrow December 4, 2008

PRHFA Wins The Bond Buyer’s “Deal of the Year Award”
arrow December 2, 2008

GDB Reports Public Housing Administration Issue Receives The Bond Buyer Award
arrow November 6, 2008

Commonwealth of Puerto Rico successfully issues $887 million in trans notes
arrow September 4, 2008

Commonwealth Places $250 Million in GO Bonds to Finance Public Works: Credit Rating Reaffirmed
arrow August 7, 2008

HUD: HUD Approves Historic Financial Deal: More than 4,100 Public Housing Units to Be Built in Puerto Rico
arrow June 17, 2008

Puerto Rico Electric Power Authority raises $700 million in investment grade bonds for capital improvement program
arrow June 2, 2008

GDB begins Sixth Summer Internship for University Students
arrow March 18, 2008

S&P recognizes improved expenditure controls in maintaining investment grade rating for Commonwealth debt
view S&P Report
arrow February 22, 2008

GDB temporarily postpones Pension Bond Issue due to turbulent international market conditions
arrow February 1, 2008

Minia González-Álvarez appointed Acting Administrator of Retirement System for Executive and Judicial Brand Employees
arrow 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


2007

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arrow December 13, 2007

Standard & Poor's raises credit rating for the Government Development Bank for Puerto Rico
arrow December 5, 2007

PBA places $900 in bonds after improvement of the Commonwealth's rating outlook
arrow November 12, 2007

Chief of Staff presents progress on the implementation of the Economic Development and Government Transformation Plan
arrow October 30, 2007

Commonwealth to evaluate infrastructure investment opportunities in Puerto Rico Infrastructure Forum
arrow October 17, 2007

Puerto Rico places $1 billion in Revenue Anticipation Notes with the highest rating
arrow October 3, 2007

The Commonwealth successfully refinances $1 billion in General Obligation Bonds
arrow September 20, 2007

The Commonwealth of Puerto Rico places $500 million in General Obligation Bonds
arrow August 29, 2007

Jorge Irizarry named acting president of the Government Development Bank for Puerto Rico
arrow August 6, 2007

Treasury Department meets its revenue goal; sales and use tax collections exceed expectations
arrow July 18, 2007

COFINA's Bond Sale in the Puerto Rico Local Market Reaches $1.3 Billion, Exceeding Expectations
arrow July 11, 2007

Historical Puerto Rico $2.6 Billion Bond Issue Placed Successfully by COFINA in U.S. Municipal Bond Market
arrow July 6, 2007

Governor signs law establishing mechanism to pay off extraconstitutional debt
arrow July 2, 2007

Secretary of the Treasury informs revenues to the General Fund for May 2007
arrow June 30, 2007

Governor signs $9,227 million General Budget into law
arrow 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
arrow June 25, 2007

GDB President pleased by approval of bond issue; expresses concern about proposed tax relief measure
arrow May 8, 2007

Secretary of the Treasury declares that analysis by the Center for the New Economy is inaccurate
arrow April 30, 2007

Secretary of the Treasury informs Preliminary Revenues to the General Fund for March
arrow April 18, 2007

Puerto Rico Electric Power Authority places $1.945 billion in bond sale, generating $645 million for improvements
arrow April 10, 2007

More and better jobs on the Island: Abbott of Puerto Rico announces million dollar expansion
arrow April 2, 2007

Electric Power Authority receives reaffirmation of credit from Moody's and obtains an A- rating from Fitch for the first time
arrow March 30, 2007

Secretary of the Treasury informs Preliminary Revenues to the General Fund for February
arrow March 30, 2007

Sale of PR Telephone to benefit Retirement System
arrow February 21, 2007

Puerto Rico to Sponsor Credit Forum Expected to Attract Mainland Investors and Financial Executives
arrow February 14, 2007

Puerto Rico Highways and Transportation Authority Saves $100 Million with New Debt Refunding Bond Issue

2006

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arrow 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
arrow November 30, 2006

UPR sells a bond issue of over $540 million with great acceptance by investors
arrow October 25, 2006

Governor announces historical bond issue for the Tourism Company
arrow October 22, 2006

Chief of Staff announces Economic Development and Government Transformation Plan
arrow October 19, 2006

Governor inaugurates new Lilly del Caribe Biotechnology Plant
arrow October 18, 2006

$875 million in Tax and Revenues Anticipation Notes Sold
arrow October 5, 2006

Puerto Rico: Home to only Microsoft replication plant in the world dedicated to DVD manufacture
arrow October 3, 2006

Governor announces $58 million expansion of Pall Life Sciences in Fajardo to create 250 new jobs.
arrow September 29, 2006

GDB $2 million line of credit to enable Port of Mayagüez to make improvements and increase trade activity
arrow September 28, 2006

PBA to complete 93 projects with $208 million line of credit from GDB
arrow September 15, 2006

PRIFA issues $424 million in bonds to finance infrastructure development for Central American Games
arrow September 11, 2006

PRASA refinances $250 million as another step toward self-sufficiency
arrow September 7, 2006

PBA Board of Directors addresses and clarifies claims made by Labor Union President
arrow August 28, 2006

Governor announces the construction of new Sheraton Hotel at the Convention Center District
arrow August 18, 2006
Governor appoints new director for the Office of Management and Budget
arrow August 17, 2006

Commonweath places $190 million in GO Bonds on Local Market; Strong Demand by Individual Investors
arrow August 10, 2006

Fourth Summer Internship of the José M. Berrocal Economics and Finance Institute Ends
arrow August 2, 2006

Puerto Rico recovers bond buyer's confidence with $838 million general obligation bond issue
arrow July 21, 2006

Moody's removes Puerto Rico's credit from Watchlist
arrow July 20, 2006

Standard & Poor's removes Puerto Rico's Credit from CreditWatch
arrow July 17, 2006

To reinvest PRT Share Dividends for the benefit of the Retirement Fund
arrow June 30, 2006

Planning Board revises economic estimates for FY2006 and FY2007
arrow June 15, 2006

Historical Meeting of the Government and the Pharmaceutical Industry
arrow May 17, 2006

GDB Board of Directors approved a loan to take care of the deficit and authorized GO issue
arrow May 17, 2006

GDB issues $810 million in Notes to increase its liquidity
arrow May 8, 2006

Moody's downgrades Puerto Rico's credit and keeps it on its Watchlist
arrow May 5, 2006

Moody's to evaluate Puerto Rico's Credit
arrow March 22, 2006

Standard & Poor's places Commonwealth Rating on CreditWatch
arrow March 15, 2006

Great acceptance of Convention Center District Authoiry Bond Issue
arrow March 9, 2006

Convention Center District Authority to issue $450 million in bonds thanks to the sustained growth of the tourism industry
arrow February 27, 2006

Moody's places Puerto Rico's Credit Rating in Watchlist for a possible downgrade

2005

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arrow December 8, 2005

Investors Wholeheartedly Welcome the Municipal Finance Agency's $730 Million Deal
arrow November 14, 2005

Standard & Poor's revises the Municipal Finance agency's credit rating
arrow September 9, 2005

Highway Authority prepares to issue over $2 billion in bonds
arrow August 19, 2005

GDB Board of Directors designates Alfredo Salazar as Acting President
arrow July 21, 2005

GDB Begins meetings to prepare five-year fiscal plan
arrow June 10, 2005

GDB President urges the approval of act to manage the Retirement System deficit
arrow June 1, 2005

$1.3 Billion PRIFA Bond Issue confirms Investor’s Preference for Puerto Rico Bonds
arrow May 26, 2005

GDB President announces the third Summer Internship of the José M. Berrocal Institute for Economics and Finance
arrow May 24, 2005

Standard & Poor's coincides with Moody's in reasons to downgrade credit: GDB President presents plan to face the situation
arrow May 19, 2005

Change in credit rating by Moody's reflect prevailing fiscal situation
arrow May 16, 2005

Commonwealth Economic Team presents fiscal situation to rating agencies and meet with legislative leaders
arrow April 21, 2005

Credit Rating Agencies Monitor Budget Approval Process in the Legislature
arrow April 15, 2005

New Financing Vice President at GDB
arrow April 7, 2005

GDB President recommends innovative measures for the strategic management of public debt
arrow March 23, 2005

PREPA Places over $1 billion in the tax exempt market generating over $500 million for capital improvements
arrow March 15, 2005

Secretary of State swears in new GDB Board of Directors
arrow March 1, 2005

Commonwealth Economic Team presents Fiscal Situation to Rating Agencies

2004

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arrow November 10, 2004

GDB President report achievement of last four years
arrow September 23, 2004

$800 million issue in TRANS
arrow September 22, 2004

Commonwealth issues $442.7 million in General Obligation Bonds
arrow September 21, 2004

GDB creates special program to grant loans to municipalities affected by Tropical Storm Jeanne
arrow August 11, 2004

PREPA saves $21 million through $225 million refinancing
arrow June 9, 2004

Record savings attained from the placement of $1.3 billion of the Puerto Rico Public Finance Corporation
arrow May 11, 2004

$1.168 billion bond issue sold by PBA.
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