The Board was created on August 30, 2016, when former President Barack Obama appointed its members from a list prepared by U.S. congressional leaders. (GFR Media)

After three years, the Oversight Board laid the foundations for a culture of fiscal discipline in Puerto Rico and completed the restructuring process of one-third of the debt under PROMESA Title III, but, according to several sources, its performance has been erratic, expensive and plagued with controversy.

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