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United States

About AAFAF

The Puerto Rico Fiscal Agency and Financial Advisory Authority (๐—”๐—”๐—™๐—”๐—™, its Spanish acronym) is an independent public corporation and governmental instrumentality with separate legal existence, fiscal and administrative autonomy. Its main responsibility is to act as an agent, financial advisor and reporting entity of the Government of Puerto Rico, its agencies, instrumentalities, subdivisions, public corporations and municipalities. ๐—”๐—”๐—™๐—”๐—™ is also an important link that facilitates collaboration and communication between the Government of Puerto Rico and the federal Fiscal Oversight Board as mandated by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA). Among ๐—”๐—”๐—™๐—”๐—™'s core objectives: โžฆ Renegotiate, restructure and/or reach an agreement with creditors on all or part of the public debt or any other debt issued by any government entity. โžฆ Coordinate the sustainable use of available resources to present a strategic and global vision for the government of Puerto Ricoโ€™s capital needs. โžฆ Restructure and transform the government of Puerto Rico to achieve balanced budgets and continue creating a new government that offers Puerto Ricans better services. โžฆ Ensure compliance with the budget and fiscal plan approved by the Fiscal Oversight Board, while also addressing the islandโ€™s budgetary and fiscal predicament. โžฆ Spearhead the development and implementation of Puerto Ricoโ€™s fiscal policy. โžฆ Develop and monitor reports related to the Treasury Departmentโ€™s account balance; the Electric Power Authorityโ€™s liquidity as well as that of all public corporations; the governmentโ€™s various bank accounts; government payroll, PayGo and Individual Contribution Debt by Entity; and others.

Employees
11 to 50
Headquarters
United States

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