GDB: Puerto Rico Could Borrow Directly From Market

Cataldo, Adam L.
June 2006
Bond Buyer;6/19/2006, Vol. 356 Issue 32405, p1
Trade Publication
The article reports on the plans of the Government Development Bank (GDB) in Puerto Rico to strengthen it's finances. It is a public knowledge that GDB played a significant role in the political and financial stability of the government since its creation in 1942 which resulted to the bank's weak finances. It is for this reason that bank officials are keen on avoiding from the role as lender to the government and is working to change its relationship with the commonwealth.


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