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A Lousy Hand

Outgoing President of the GDB passes judgment on her role in García Padilla's fiscal work force

9 de julio de 2016 - 10:54 AM

Archival note
This content was published more than 8 years ago.
Acosta Febo is the only member left of the “dream team” the governor announced with great fanfare weeks after he won the 2012 elections.
Acosta Febo is the only member left of the “dream team” the governor announced with great fanfare weeks after he won the 2012 elections. (Wanda Liz Vega Dávila)

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.

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