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Between 1951 and 1965, the GDB issued over $ 1 billion in bonds to finance the islands' infrastructure, contributing to Puerto Rico's economic growth. It also spurred the growth of the private sector, financing Puerto Rico's first condominium and several of its first shopping centers built in 1956,
412:
During its formative years, the GDB helped financially structure the Puerto Rico Water
Resources Authority, the new publicly owned electric company that generated much of its power from a hydroelectric system. During its first decade, GDB financed infrastructure development, particularly the
401:. A subsequent law in 1945 expanded its responsibilities to include serving as the fiscal agent for, and financial advisor of, the government of Puerto Rico. The highly centralized government structure set up by Tugwell, one of President
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required such a fiscal agent, contrary to the model followed by most states, in which each agency and political subdivision is responsible for issuing its own bonds.
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143:. The bank, along with its subsidiaries and affiliates, serves as the principal entity through which Puerto Rico channels
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Puerto Rico
Oversight, Management, and Economic Stability Act, Publ. Law 114-187 of June 30, 2016 (PROMESA)
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The GDB is in the process of winding down its operations in an orderly fashion under Title VI of the
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Industrial, Tourist, Educational, Medical, and
Environmental Control Facilities Authority
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when private banks were reticent in assuming such ground-breaking risks.
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List of
Presidents of the Puerto Rico Government Development Bank
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Authority for the
Financing of the Infrastructure of Puerto Rico
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Authority for the
Financing of the Infrastructure of Puerto Rico
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José M. Berrocal
Institute for Economics and Finance
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executive agencies of the government of Puerto Rico
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672:"Banco Gubernamental de Fomento para Puerto Rico"
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1266:Automobile Accident Compensation Administration
944:Department of Economic Development and Commerce
117:Banco Gubernamental de Fomento para Puerto Rico
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20:Government Development Bank for Puerto Rico
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440:, a philanthropist and former Governor.
393:The Bank was the brainchild of Governor
323:(executive agencies/central government)
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875:Authority for the Financing of Housing
697:"Banco Gubernamental de Fomento (BGF)"
155:either issue bonds with the bank as a
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969:Public–Private Partnerships Authority
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329:Public-Private Partnerships Authority
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647:List of bonds issued by Puerto Rico
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1307:1948 establishments in Puerto Rico
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652:List of national development banks
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1124:Institute of Puerto Rican Culture
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413:development of low-cost housing.
246:housing subsidies and incentives
153:its government-owned corporations
1191:State Insurance Fund Corporation
719:"History: Gallery of Presidents"
147:. As an overview, the different
1134:Public Broadcasting Corporation
959:Office of Management and Budget
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1175:Industrial Development Company
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689:
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1:
721:. Commonwealth of Puerto Rico
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450:
424:'s administration, and under
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905:Public Financing Corporation
308:Public Financing Corporation
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1068:Government Development Bank
923:Bonds issued by Puerto Rico
895:Government Development Bank
699:. Government of Puerto Rico
677:. Government of Puerto Rico
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501:Guillermo RodrĂguez BenĂtez
471:Guillermo RodrĂguez BenĂtez
382:tourism and hotel industry
342:public-private partnerships
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813:Government budget balance
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519:Julio Pietrantoni Blasini
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403:Franklin Delano Roosevelt
399:Government of Puerto Rico
234:Housing Finance Authority
141:government of Puerto Rico
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844:Public Improvements Fund
370:Tourism Development Fund
321:general obligation bonds
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210:childhood improvements
51:September 23, 1948
1312:Finance in Puerto Rico
1163:Industrial development
1129:Performing Arts Center
949:Department of Treasury
591:Jorge Irizarry Herrans
579:William Lockwood Benet
198:Children's Trust Frund
129:intragovernmental bank
116:
53:; 76 years ago
1086:Conservatory of Music
987:Internal Revenue Code
145:its issuance of bonds
615:José Pagán Beauchamp
585:Alfredo Salazar, Jr.
549:Marcos RodrĂguez Ema
507:Alfredo Salazar, Jr.
426:Marcos RodrĂguez Ema
849:Special State Funds
531:José Ramón González
434:Ponce Museum of Art
420:During former Gov.
395:Rexford Guy Tugwell
21:
1240:Travel and leisure
1139:Symphony Orchestra
753:http://gdb.pr.gov/
628:Alberto Bacó Bagué
603:Juan Carlos Batlle
573:Antonio FarĂa Soto
561:Juan Agosto Alicea
537:RamĂłn Cantero Frau
257:Berrocal Institute
19:
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992:Sales and Use Tax
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634:Christian Sobrino
622:Melba Acosta Febo
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137:financial advisor
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525:José Ramón Oyola
465:Rafael Buscaglia
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567:Hector MĂ©ndez
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839:General Fund
723:. Retrieved
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701:. Retrieved
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679:. Retrieved
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513:Mariano Mier
483:Juan Labadie
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419:
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392:
264:internships
168:Common name
133:fiscal agent
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34:Headquarters
1222:Real estate
818:Public debt
808:Debt crisis
725:December 1,
703:December 1,
681:December 1,
632:2017–2019:
626:2016–2016:
620:2014–2016:
613:2013–2014:
607:2013–2013:
601:2011–2012:
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553:1998–2000:
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529:1986–1989:
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511:1977–1978:
505:1975–1976:
499:1975–1975:
495:Juan Albors
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481:1965–1969:
477:Rafael PicĂł
475:1958–1964:
469:1953–1957:
463:1942–1953:
436:founded by
317:subsidiary
261:subsidiary
243:subsidiary
76:Preceded by
48:Established
42:Puerto Rico
1301:Categories
796:Accounting
658:References
489:Roger Wall
451:Presidents
379:affiliate
364:(IVU/SUT)
358:affiliate
338:affiliate
299:affiliate
279:affiliate
225:affiliate
207:affiliate
189:affiliate
58:1948-09-23
16:State bank
1184:Insurance
1144:WIPR (AM)
1078:Education
617:(interim)
362:sales tax
111:) —
1101:campuses
979:Taxation
641:See also
127:issuer,
93:.gdb-pur
66:Currency
38:San Juan
1154:WIPR-TV
1149:WIPR-FM
1046:Banking
389:History
165:Entity
139:of the
113:Spanish
86:Website
56: (
1058:COFINA
890:COFINA
827:Assets
803:Budget
354:COFINA
135:, and
1053:COFIM
915:Bonds
885:COFIM
870:AFICA
675:(PDF)
295:COFIM
239:PRHFA
221:AFICA
171:Type
157:proxy
727:2014
705:2014
683:2014
334:PPPA
151:and
103:The
95:.com
865:AFI
405:'s
375:TDF
313:PFC
275:MFA
203:CTF
185:AFI
121:BGF
109:GDB
91:www
70:USD
1303::
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40:,
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119:(
107:(
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