We are part of The Trust Project
A Lousy Hand
Outgoing President of the GDB passes judgment on her role in García Padilla's fiscal work force
Archival note
This content was published more than 8 years ago.
11 de mayo de 2025
79°nubes dispersas
When her work at the Government Development Bank (GDB) comes to an end, Melba Acosta Febo will be able to include in her curriculum vitae that she was part of Puerto Rico's first default on its constitutional debt—and the first default from a state in almost 80 years for the American municipal market.
%2Fcloudfront-us-east-1.images.arcpublishing.com%2Fgfrmedia%2FU5QUXWC3F5GQDHO52UEGMBRCLU.png?auth=612970aebccaddfde29323853948a775c18b93fdc017e3b6b756c10ce3d9e1f6&quality=75&width=64&height=64&smart=true)
%2Fcloudfront-us-east-1.images.arcpublishing.com%2Fgfrmedia%2FBG2GHDTR7FGE5IKBCZF7E76QIY.png?auth=66b804e6bebd0db39b15c761da085ecf249e8ea06ab88091e74165f94cf56b7f&quality=75&width=64&height=64&smart=true)
%2Fcloudfront-us-east-1.images.arcpublishing.com%2Fgfrmedia%2FXUI2FWFQK5DPXNPT6V276WHNXQ.png?auth=94eac7e8b922e5a79b71e17f170d9ab270d4ba9e200e4d55f2bd5bd126bcc8c6&quality=75&width=64&height=64&smart=true)
%2Fcloudfront-us-east-1.images.arcpublishing.com%2Fgfrmedia%2FSVA5Y6Z5CFCLDHGVHMWTLQ262Q.png?auth=652b25ed8819b7a890ee2eee9498853e3cd613c6e6f080d9bcdce2321db129cd&quality=75&width=64&height=64&smart=true)
%2Fcloudfront-us-east-1.images.arcpublishing.com%2Fgfrmedia%2FXJHYFGMTXZG2XBEPXGC2KF2MFM.png?auth=c252e7a419c55b996209bd06829dcfeca5a3dbd9bc71cc8d8f5fbe6a4aa74f0f&quality=75&width=64&height=64&smart=true)
