Puerto Rico Fiscal Agency and Financial Advisory Authority

The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) is a government entity responsible for managing Puerto Rico's finances and addressing its debt crisis. Established in 2017, its role includes overseeing financial planning, restructuring debts, and ensuring fiscal transparency. AAFAF works to develop budgets, implement financial management strategies, and collaborate with federal and local agencies. The authority aims to restore fiscal stability and promote economic growth in Puerto Rico, especially after the island's significant financial challenges and bankruptcy-like processes under the U.S. federal law known as PROMESA.