Etiqueta: Fuentes Strategies

Spotlight on Puerto Rico: Governor to submit fiscal plan, address Legislature today

Spotlight on Puerto Rico: Governor to submit fiscal plan, address Legislature today

By Jennice Fuentes / Fuentes Strategies Governor Ricardo Rosselló will unveil his long-term fiscal plan to the Fiscal Oversight Board (FOB) today. He plans to announce the major components of his plan in his first address to the Legislature tonight. Rosselló has clashed with the FOB at times, but has also acquiesced to their recommendations. ...

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Spotlight on Puerto Rico: Tensions between Fiscal Board and Rosselló’s administration continue

By Jennice Fuentes / Fuentes Strategies After tensions between the Fiscal Oversight Board (FOB) and Governor Ricardo Rosselló’s administration over required cuts to balance the budget began to subside, new strains have flared up. This time, the disagreement is over an unexpected letter sent by FOB Chairman, José Carrión, to Rosselló’s non-voting representative on the ...

Spotlight on Puerto Rico: Fiscal Board extends stay until May 1st, extends fiscal plan deadline until February 28th

By Jennice Fuentes / Fuentes Strategies In a partial victory for Governor Ricardo Rosselló, the Fiscal Oversight Board (FOB) agreed to extend the stay on debt collection litigation until May 1st, and to extend the deadline for the Governor to submit his five-year fiscal plan until February 28th. The Board gave itself until March 15th ...

Junta de Supervisión establece metas, objetivos y parámetros del plan fiscal

Spotlight on Puerto Rico: Fiscal Board and Governor at odds over path forward on fiscal plan

By Jennice Fuentes / Fuentes Strategies The Fiscal Oversight Board (FOB) and Puerto Rico Governor Ricardo Rosselló are at a crossroads on how to begin the process of repairing the Island’s economy. Roselló has requested a stay on creditor payment litigation past February 15th, and an extension to submit his fiscal plan. In order to ...

Ricardo Rosselló Nevares - firma

Spotlight on Puerto Rico: New Governor issues nine executive orders to cut spending

By Jennice Fuentes / Fuentes Strategies Last week, Governor Ricardo Rosselló issued eight executive orders indicating his commitment to right the fiscal and economic trajectory of Puerto Rico. This weekend he issued an additional order for all government agencies to cut 5% of their procurement spending, for a total of 9 executive orders since formally ...

Ricardo Rosselló y Manuel Laboy

Spotlight on Puerto Rico: Rosselló fills top economic & other slots

By Jennice Fuentes / Fuentes Strategies Governor-elect Ricardo “Ricky” Rosselló announced his choices for top economic development posts in his administration. Rosselló appointed Manuel Laboy Rivera as Secretary of Economic Development and Commerce. Laboy Rivera is a chemical engineer and a partner in a firm that develops energy projects. He also served as Assistant Secretary ...

Ricardo Rosselló Nevares

Spotlight on Puerto Rico: Rosselló fills top posts with campaign aides

By Jennice Fuentes / Fuentes Strategies Governor-elect Ricardo Rosselló has announced his selections for several top posts within his incoming administration; all appointees announced thus far are close aides of his campaign and transition. In a surprise move, Rosselló appointed New Progressive Party (NPP) Secretary General, William Villafañe as Chief of Staff. Many analysts had ...

Ricardo Rosselló

Spotlight on Puerto Rico: Rosselló appoints transition team

By Jennice Fuentes / Fuentes Strategies The first segment of this week’s spotlight is focused squarely on Governor-elect Dr. Ricardo “Ricky” Rosselló, a 37 year-old stem cell scientist and son of former Governor Pedro Rosselló. We cover his newly appointed transition team, and what to expect on the fiscal and economic fronts from the incoming ...

El Título II de PROMESA (2a parte): Cumplimiento con los planes fiscales y presupuestos

Spotlight on Puerto Rico: Fiscal Board update

By Jennice Fuentes / Fuentes Strategies Members of the Financial Oversight Board (the “Board”) created under the Puerto Rico Oversight, Management and Economic Stability Act (“PROMESA” or the “Act”) plan to hold their first meeting in New York City on Friday, September 30, 2016 from 8:30 am to 10:00 am. The meeting will be held ...