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Treasury Had Pointed Out Plan Flaws

Before the Oversight Board's announcement, Secretary Lew had recommended an explanation on how the government intends to pay the public debt

22 de noviembre de 2016 - 8:32 AM

Archival note

This content was published more than 8 years ago.

Secretary of Treasury Jacob Lew recommended the OB to initiate a debt restructuring process that will give the economy some respite. (Archive/EFE)

By José A. Delgado

Corresponsal de El Nuevo Día en Washington D. C.jose.delgado@gfrmedia.com

WASHINGTON – Before the Oversight Board controlling Puerto Rico's public finances rejected the long-term fiscal plan submitted by Governor Alejandro García Padilla, Secretary of Treasury Jacob Lew warned the Board's members that the document failed to specify how the Island's government would fulfill the payment of the debt.