AAFAF chief to represent PR in global investment conference

By John McPhaul

Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF by its Spanish initials) Executive Director Omar J. Marrero will appear before corporate leaders, sponsors, institutional investors and financiers at the J.P. Morgan 2021 Global High Yield & Leveraged Finance Conference to provide a favorable perspective on doing business in Puerto Rico and present the significant accomplishments of the Puerto Rico government in the fiscal recovery of the island, AAFAF said in a press release.

“Puerto Rico has achieved huge financial progress since PROMESA [the Puerto Rico Oversight, Management and Economic Stability Act of 2016] was approved,” Marrero said.

“We restored trust in our island, [and] we took important steps to return to the capital markets while generating exceptional savings as part of Puerto Rico’s debt restructuring. It is important that these investor communities learn firsthand the financial accomplishments of our administration, such as the benefits of the recent Plan Support Agreement of the Government of Puerto Rico.”

Marrero is scheduled to participate in the conference today at 11 a.m. Due to the pandemic the event will be virtual.

More than 1,200 individuals from the most important fund accounts in the United States will attend the global conference, which will include presentations from governments and all industries in the private sector.

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