Government Development Bank for Puerto Rico (GDB)

The Government Development Bank for Puerto Rico (GDB) was a financial institution created to support the island’s government by providing funding for public projects, managing debt, and promoting economic development. It acted as a fiscal agent, helping Puerto Rico finance infrastructure such as schools and roads, and manage its cash flow. In 2020, the GDB was dissolved as part of restructuring efforts under federal oversight, and its functions were transferred to other agencies to improve financial stability and transparency for Puerto Rico.