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The Bank was the brainchild of Governor Rexford Guy Tugwell, who signed Law 253 of May 13, 1942, creating the institution in charge of economic development for the Government of Puerto Rico. A subsequent law in 1945 expanded its responsibilities to include serving as the fiscal agent for, and financial advisor of, the government of Puerto Rico.
The following is a list of presidents of the Puerto Rico Government Development Bank, which until 2017 was the Commonwealth's main financial and economic development agency along with the Puerto Rico Department of Treasury and the Puerto Rico Department of Economic Development and Commerce. [1]
Chafey began his career at Banco Popular in 1980 as vice president of the Investment Division and became senior vice president of the Investment Group in 1985. He was appointed CFO in 1990, in charge of the Financial Management Group, senior executive vice president in charge of Retail Banking Group in 1995, and president of Banco Popular de Puerto Rico in 2004.
Authority for the Financing of the Infrastructure of Puerto Rico: AFI: Autoridad para el Financiamiento de la Infraestructura de Puerto Rico: AFI: Banking: Caño Martín Peña ENLACE Project Corporation: ENLACE: Corporación del Proyecto ENLACE del Caño Martín Peña: ENLACE: Real estate: Cardiovascular Center of Puerto Rico and the Caribbean ...
Puerto Rico Industrial Development Company owned at the time in excess of 120 million square feet of industrial space in Puerto Rico. In 1975 he transferred to the Government Development Bank for Puerto Rico as its President until 1976 to oversee the Bank's business during one of the most difficult financial crisis in the municipal bond market ...
The Bureau was part of a package of new agencies created to provide the impoverished United States territory with a state-like government. Some of the new agencies included the Puerto Rico Planning Board, the Puerto Rico Electric Power Authority and the Government Development Bank of Puerto Rico. It was created to assist the Governor in the ...
The Puerto Rico Department of Economic Development and Commerce (Spanish: Departamento de Desarrollo Económico y Comercio de Puerto Rico) is the executive department of the government of Puerto Rico responsible for the economic development in the U.S. Commonwealth of Puerto Rico and all its commerce related matters.
In December 2012, he was appointed head of the Government Development Bank, that serves as government financial advisers. [4] [5] Since October 1, 2014, he has been acting as Executive Vice President, Chief Legal Officer and Corporate Secretary of Popular, Inc. Mr. Ferrer is a director of Banco Popular de Puerto Rico. [6] [7] [8] [9]