Commonwealth of Puerto Rico

Some participants are afraid that tweaking what they don't like in the law could only make it worse.

Carrión says the biggest problem has been the local government's lack of commitment to structural reforms to benefit the economy.

The local government's inertia and PROMESA's unwieldy structure, along with natural disasters and a global pandemic, have impeded Puerto Rico's recovery.

The move is part of the oversight board's efforts to free localities from dependence on the central government.

LUMA says its priority will be to improve the reliability and resilience of electricity on the island.

The Economic Development Bank for Puerto Rico estimate for economic activity for fiscal 2019 overall, though, was raised.

Employment, retail sales, and economic activity index data are all delayed.

Board says it has prevailed in past legal struggles with the local government.

Bondholders hope to negotiate a deal before July 15.

House Natural Resources Committee Chairman Raul Grijalva last month introduced a bill to amend the 2016 Puerto Rico Oversight, Management, and Economic Stability Act.