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Puerto Rico's Oversight Board Approves Revised Fiscal Plan

|Proposed Changes|Puerto Rico-United States
Puerto Rico-United States

On 13 March 2017, the Financial Oversight and Management Board for Puerto Rico approved a revised version of the U.S. territory's fiscal plan to address its major debt issues. The initial version of the plan ({News-2017-03-06/P/4- previous coverage}) was rejected by the board as being overly optimistic and failing to adequately stabilize the government's finances. Although the revised plan has …

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