Search Results for: "Financial Oversight and Management Board for Puerto Rico"
Watch the 3rd Listening Session of the Financial Oversight and Management Board for Puerto Rico
Video of the December 4, 2017 meeting in NYC.
Watch LIVE the April 28 Meeting of the Financial Oversight and Management Board for Puerto Rico
This is the board’s seventh meeting.
Puerto Rico Senators Slam Governor After Court Rejects Labor Reform
Last week a federal judge nullified Puerto Rico’s Labor Reform Law approved only months ago, saying that Gov. Pedro Pierluisi did not provide evidence that the law would not impact the oversight board’s fiscal plan.
Report: How Wall Street Relies on ‘Power Players’ for Vulture Fund Feeding Frenzy
A new report from progressive organizations reveals the web of lawyers, lobbyists, trade groups, and cultural institutions that vulture funds use to prey on debt-addled countries like Puerto Rico.
New ‘Hybrid Charge’ Could Raise Puerto Rico Electricity Bills for 35 Years
Puerto Rico could experience a spike in its electricity bills for the next 35 years if a debt restructuring proposal is accepted by a federal bankruptcy judge in New York.
Puerto Rico Debt Restructuring Delayed, Again
Debt restructuring efforts for the Puerto Rico Electric Power Authority’s $9 billion debt have come to a new standstill after almost six years of negotiation. Multiple failed attempts to exit bankruptcy have led nowhere.
Bondholders Hoping to Recover Bad Debt from Struggling Puerto Rico Ratepayers (OPINION)
Almost $9 billion in bad debt and a half-century of high electricity prices hang in the balance in Puerto Rico.
LUMA Contract Extended as Protests Continue in Old San Juan
On the same day it was set to expire, the Puerto Rico Public-Private Alliances granted LUMA Energy an extension of its provisional contract that will only end once the Puerto Rico Electric Power Authority’s debt restructuring is completed.
Puerto Rico Public-Private Partnerships Authority Requests Indefinite LUMA Contract Extension
Three days before LUMA Energy’s contract is set to expire, the Public-Private Partnerships Authority requested authorization to extend LUMA’s provisional contract until the debt restructuring process for the publicly owned Puerto Rico Electric Power Authority is finalized.
Puerto Rico Mayor: ‘God Brought Biden Here’
President Joe Biden visited Puerto Rico on Monday to announce new hurricane relief projects, two weeks after Hurricane Fiona battered the archipelago. Tens of thousands remain without power, and even more worry that aid promised by Biden will be too little too late.
PREPA Lawyers Forced to File Motions as Puerto Rico Hit by Hurricane Fiona
As Hurricane Fiona bore down on Puerto Rico two weeks ago, the U.S.-imposed fiscal control board and the U.S.-based judge who handles the public electric utility’s debt restructuring deal forced Puerto Rican lawyers to file motions even as the archipelago was experiencing an island-wide blackout.
Hurricane Fiona Batters Puerto Rico Still Recovering 5 Years After María
In the five years since Hurricane María tore through their country, the people of Puerto Rico have made efforts to rebuild in hopes that they would be ready for the next disaster. Hurricane Fiona, a Category 1 storm that swept through the island on Sunday, has shattered such hopes.
CPI Scores Federal Court Win Against Fiscal Control Board for Access to Information
The U.S. Court of Appeals for the First Circuit in Boston rejected the Fiscal Control Board for Puerto Rico’s claim that, due to “sovereign immunity,” it did not have to submit to the right of access to information and deliver documents on their processes requested by the Centro de Periodismo Investigativo.
Inside Puerto Rico’s ‘Bori Flu’ Protest
Beginning with public teachers in late January, Puerto Rico has experienced a wave of strikes from public sector workers. The mass absenteeism resulting from each strike has led to them being called a “flu”—“white flu” for striking healthcare workers, “blue flu” for striking police officers.
Harvard Kennedy School Panel on Puerto Rico Economy Blasted for Lack of Puerto Ricans
On Wednesday, the Harvard Kennedy School announced that its webinar on Puerto Rico’s economic outlook was rescheduled for Thursday, February 17, and added another panelist to the list of speakers, which initially featured only two presenters, both non-Puerto Ricans in favor of austerity.
Power 4 Puerto Rico Condemns ‘Unsustainable’ Debt Plan, Calls on Congress to Take Action
On Wednesday, Power 4 Puerto Rico, a group comprised of diaspora leaders and allies advocating for Puerto Ricans on the island and abroad, released a statement condemning U.S. Judge Laura Taylor-Swain’s approval of a plan to cut Puerto Rico’s public debt by 80 percent and commence debt service payments through 2034
Judge Signs Plan, Ends Puerto Rico Bankruptcy Battle
Puerto Rico’s nearly five-year bankruptcy battle was resolved Tuesday after a federal judge signed a plan that slashes the U.S. territory’s public debt load as part of a restructuring and allows the government to start repaying creditors. The plan marks the largest municipal debt restructuring in U.S. history
Puerto Rico Gov’t Passes Controversial PC1003 Debt Bill
On Tuesday, October 26, after the majority of protesters had left, the Senate approved PC1003. Gov. Pierluisi signed the debt restructuring bill into law almost immediately after it was passed, calling it “a great step forward to end the bankruptcy and get out from under the Fiscal Oversight and Management Board.”
Protests Against LUMA Energy and Power Outages Continue in Puerto Rico
SAN JUAN, Puerto Rico — Fed up with rolling blackouts and the rising price of electricity, Puerto Ricans continue to hit the streets in protest against the Puerto Rican government’s contract with LUMA Energy while calling for the resignation of Gov. Pedro Pierluisi and the end of the Financial Oversight and Management Board of Puerto Rico (FOMBPR).
Puerto Ricans Fight a Pitched Battle for Island’s Electric Grid After LUMA Takeover
In the early hours of the morning on June 1, protesters began setting up encampments in front of the gates of the newly christened LUMA Energy warehouses and facilities in a bid to not let the workers access their tools
Record Number of Colombian Leaders Were Killed This Year
According to the Institute for Peace and Development Studies (Indepaz), 287 social leaders have been killed so far in 2020.