The president of the Government Development Bank of Puerto Rico, Javier Ferrer, resigned, posing a new challenge to Gov. Alejandro García Padilla, who must find a qualified replacement as he battles to protect the commonwealth’s investment-grade ratings.

Ferrer, whose resignation is effective Friday, had taken the lead in overseeing and advising on the debt of the Puerto Rico government and public authorities at the bank, which also loaned to the government and the authorities.

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