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PROMESA Implementation.pdf

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Preview of PROMESA Implementation
🔗 Source: pwc.com
📊 Size: 373 KB
📄 Pages: 2 pages
⬇️ Downloads: 81

Summary

President Obama signed the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) into law on June 30, 2016, establishing an Oversight Board with authority over Puerto Rico's budget and financial decisions to improve its fiscal affairs and restructure its economy and debt. The Board's responsibilities include submitting recommendations, enforcing budgets, reviewing laws and contracts, and proposing a debt restructuring plan. To succeed, the Board must establish a sound governance structure and focus on debt restructuring, systematic fiscal control, and enhanced economic growth. Initial activities include developing plans and policies, resourcing, setting year-one goals, analyzing the current state, and establishing a public engagement strategy.

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Description

President Obama signed the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) into law on June 30, 2016, establishing an Oversight Board...

Technical Information

  • File Format: PDF
  • File Size: 373 KB
  • Pages: 2
  • Language: EN
  • Total Downloads: 81
  • Last Updated: 1 month ago

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This PDF document about PROMESA Implementation provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into PROMESA Implementation.

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