Gerardo Portela. (GFR Media/Archivo)

Only days after the Oversight Board (OB) approved a fiscal plan that intends to cut a third of the debt service for the next 10 years, the Fiscal Agency and Financial Advisory Authority (FAFAA) announced yesterday that the Government will step aside in the dispute between the General Obligation (GO) bondholders and the bondholders of the Sales Tax Financing Corporation (COFINA, by its Spanish acronym).

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