Bankruptcy and Economic Development

Puerto Rico became an extremely bankrupt territory that needed assistance with resolving its debt and putting in place structural reforms that would encourage economic growth.

As a result, Congress created the Financial Oversight and Management Board for Puerto Rico to help negotiate plans of adjustment and to assist the territory with putting balanced budgets in place as well as creating and enforcing fiscal plans. The FOMB assisted with the largest municipal debt restructuring in the entire history of the U.S.

The Results

Off Hill Strategies continues to act as a liaison between the FOMB and Congress to ensure that all of the relevant stakeholders are kept apprised of the pending work, current challenges and expected upcoming challenges.