Puerto Rico Oversight Board

The Puerto Rico Oversight Board, formally known as the Financial Oversight and Management Board for Puerto Rico, was established in 2016 to address the island's severe financial crisis and overwhelming debt. Composed of members appointed by the U.S. president, the board aims to oversee Puerto Rico’s financial recovery and ensure responsible budgeting. It has the authority to restructure debt and implement fiscal plans, working towards stabilizing the economy and restoring public services while maintaining transparency and accountability. The Board’s actions play a critical role in Puerto Rico's long-term fiscal health and economic recovery efforts.