A federal control board overseeing the finances of Puerto Rico's government said Wednesday that it will investigate the causes of the island's economic crisis as well as examine how its debt was issued and probe disclosure and selling practices.
August 04, 2017 at 12:00 AM
1 minute read
A federal control board overseeing the finances of Puerto Rico’s government said Wednesday that it will investigate the causes of the island’s economic crisis as well as examine how its debt was issued and probe disclosure and selling practices.
The announcement comes as government officials seek to restructure a portion of the $70 billion public debt in a process similar to bankruptcy following multimillion-dollar defaults that have angered creditors.
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