FOMB (Financial Oversight and Management Board)

The Financial Oversight and Management Board (FOMB) is a governing body established to oversee Puerto Rico’s fiscal stability and economic recovery. Its role is to ensure that the island’s government manages its finances responsibly, reduces debt, and implements economic reforms. The FOMB reviews budgets, approves financial plans, and monitors fiscal policies to promote transparency and long-term sustainability. It acts as an independent authority to help Puerto Rico regain financial health and ensure that public resources are used effectively for the benefit of residents.