The Puerto Rican flag flies in front of Puerto Rico’s capitol building in San Juan on July 29, 2015. Here’s what you need to know about the controversial fiscal oversight board. The Puerto Rican Oversight, Management and Economic Stability Act (PROMESA) created an independent oversight board responsible for restructuring the debt and overseeing negotiations with creditors. Financial oversight boards generally have these two elements in commonFinancial/fiscal oversight boards vary widely, but they generally have two elements in common. The Puerto Rican Oversight Board claims that the right of access to information does not apply to it.

Source: Washington Post November 30, 2017 12:00 UTC