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The Fiscal Oversight Board goes after the COFINA funds

The supervising entity asks the Court to make a quick decision about the bondholders’ conflict, because it has no cash

13 de junio de 2017 - 8:35 AM

Archival note
This content was published more than 7 years ago.
This revelation about the government cash situation came up last June 10th, a day before the Puerto Rican plebiscite was held. (Archive/GFR)
This revelation about the government cash situation came up last June 10th, a day before the Puerto Rican plebiscite was held. (Archive/GFR)

The Fiscal Oversight Board (JSF, Spanish acronym), submitted before the Judge of the Federal District Court, Laura Taylor Swain, a motion in which they ask to solve the litigation between the main bondholder groups of Puerto Rico as soon as possible. Simultaneously, the Board revealed that they will need the contributions sent to the Puerto Rico Urgent Interest Fund Corporation (COFINA, Spanish acronym) in order to be able to administrate the government.

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