OVERSIGHT BOARD PUBLISHES FY 2018 ANNUAL REPORT

OVERSIGHT BOARD PUBLISHES FY 2018 ANNUAL REPORT

(San Juan, PR – July 31, 2018) – The Financial Oversight and Management Board for Puerto Rico (the “Oversight Board”) created by Congress under the bipartisan Puerto Rico Oversight, Management and Economic Stability Act (“PROMESA” or the “Act”) today announced the publication of its second Annual Report to the President, Congress, and the Governor and the Legislature of Puerto Rico, as required by Section 208 of PROMESA.

“During this past fiscal year, the Oversight Board redoubled its work toward improving public sector financial accountability and transparency, and developing a fiscal plan that reflects the Island’s post-Hurricane reality,” said Oversight Board Chairman José B. Carrión. “Much work remains to be done, but we have made progress on PROMESA’s objectives of achieving fiscal balance, resolving the debt crisis, and putting Puerto Rico on the road to economic recovery,” Carrión added.

The full text of the FY 2018 Annual Report is available here.