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August 31, 2023 - Statement by AAFAF Executive Director Omar J. Marrero (Spanish)
August 28, 2023 - Statement by AAFAF Executive Director Omar J. Marrero (Spanish)
January 18, 2023 - AAFAF submits Government of Puerto Rico Fiscal Plan 2023 (English and Spanish)
January 13, 2023 - AAFAF and PFC Announce Effectiveness of PFC Restructuring (English and Spanish)
October 12, 2022 - Statement by AAFAF Executive Director Omar J. Marrero (English and Spanish)
May 23, 2022 - New Pilot Program Will Facilitate Funding to Municipalities to Advance Reconstruction
May 3, 2022 - AAFAF Extends ARPA Funding Application Period for Nonprofit Organizations (in Spanish)
November 16, 2021 - AAFAF Completes Exchange of the Prifa-Mepsi Bonds (English and Spanish)
July 16, 2021 - Municipalities Receive ARPA Economic Recovery Funding (in Spanish)
July 12, 2021 - Puerto Rico Governor Announces Secretary of State Designation (in Spanish)
July 7, 2021 - Puerto Rico Government Allocates $15 Million to Nonprofit Organizations (in Spanish)
July 2, 2021 - AAFAF Provides Guidance on $23 Million Assistance to Diagnostic Centers (in Spanish)
July 1, 2021 - Puerto Rico Government Issues Audited Financial Statements for FY2018 (in Spanish)
June 30, 2021 - Puerto Rico Governor Signs Budget for Fiscal Year 2021-2022 (in Spanish)
– Cover Letter Signed Budget for Fiscal Year 2021-2022
June 21, 2021 - Government Creates $23 Million Assistance Program for CDTs (in Spanish)
April 27, 2021 - AAFAF Seeks to Promote Education in Business and Technology (English and Spanish)
April 21, 2021 - Government Begins Orientation Program on Fund for Reconstruction Work (in Spanish)
April 1, 2021 - AAFAF Is Organizing New Summer Internship Session (in Spanish)
March 9, 2021 - Government Submits 2021 Fiscal Plan Focused on a Sustainable Future (in Spanish)
March 4, 2021 - AAFAF Disbursed Over $21 Million to Municipalities (in Spanish)
February 11, 2021 - Government Authorizes Sale of School in Dorado to Yadier Molina (in Spanish)
October 20, 2020 - COFINA Receives Full Amount to Service Debt (English and Spanish)
October 5, 2020 - COFINA Appoints New Executive Director (English and Spanish)
September 29, 2020 - Puerto Rico Returns to the markets after AAFAF completes PRHFA bond refinancing
February 26, 2020 - Puerto Rico Government Issues RFP Seeking Advisors to Gaming Commission
November 8, 2019 - Government Issues RFQ for UPR Scholarship Fund Management (English and Spanish)
October 29, 2019 - COFINA Launches New Investor Relations Website (English and Spanish)
October 10, 2019 - Government Holds First Fiscal Public Policy Summit (in Spanish)
June 20, 2019 - COFINA Publishes Audited Financial Statements for Fiscal Years 2017 and 2018
June 11, 2019 - COFINA announces the launch of an invitation to exchange bonds
April 17, 2019 - Authorized Statement Issued by AAFAF (English and Spanish)
April 11, 2019 Governor Rosselló signs Public Energy Policy Law
March 28, 2019 - Puerto Rico Government Approves $20 Million for PREPA Improvement Projects
March 14, 2019 - PREPA Pays Off $300 Million Loan to Central Government (English and Spanish)
March 7, 2019 - Christian Sobrino Vega authorizes the following expressions
October 31, 2018 - Voluntary Transition Program, Round 3, Begins (in Spanish)
October 29, 2019 - COFINA Launches New Investor Relations Website (English and Spanish)
August 30, 2018 - COFINA enters into Plan Support Agreement with Bondholders (English and Spanish)
August 8, 2018 - Governor Rosselló announces agreement with COFINA bondholders (in Spanish)
May 14, 2018 - Response to Joint Settlement Proposal from Commonwealth - COFINA Creditors
May 1, 2018 - Government Releases Liquidity Report for 14 Public Corporations
April 19, 2018 - Government Presents Second Round of Voluntary Transition Program (in Spanish)
March 29, 2018 - AAFAF Authorized Statement (in Spanish)
March 8, 2018 - Government Reports Bank Accounts Balances as of January 2018 and Decreased Revenues
February 25, 2018 - AAFAF Provides Information on Final Notice to Creditors
February 23, 2018 - Government Disburses Emergency Funds to PREPA
August 18, 2017 - AAFAF Issues Updated RFQs Related to the GDB RSA
August 7, 2017 - Press Release - Administrative Order - AO-2017-04
August 4, 2017 - GDB Releases the Economic Activity Index for June 2017
June 23, 2017 - GDB Releases the Economic Activity Index for May 2017
June 2, 2017 - GDB Releases the Economic Activity Index for April 2017 (in Spanish)
April 28, 2017 - GDB Releases the Economic Activity Index for January-March 2017
April 6, 2017 - Governor Rosselló-Nevares announces restructuring agreement with PREPA bondholders
January 27, 2017 - FAFAA Requests an Extension of PREPA’s Restructuring Support Agreement
January 18, 2017 - Puerto Rico Government Retains Rothschild & Co as Financial Advisor
January 12, 2017 - Office of the Governor- Letter to Oversight Board
January 11, 2017 - Puerto Rico Government Retains Dentons as Legal Advisor
December 20, 2016 - Fiscal Plan- Revised Baseline Projections (in Spanish)
December 19, 2016 – FAFAA Reports on the Commonwealth’s Current Operating Situation (in Spanish)
– March 15, 2022 – Today We Close a Chapter (English and Spanish)
– February 3, 2022 – AFICA Bonds Make a Comeback (English and Spanish)
– November 25, 2021 – Success Using ARPA Funding (English and Spanish)
– October 22, 2021 – The Days of the Puerto Rico Bankruptcy Are Numbered (English and Spanish)
– August 18, 2021 – Light at the End of the Tunnel (English and Spanish)
– July 1, 2021 – COFINA is a Good Investment (English and Spanish)
– June 8, 2021 – Effectiveness and Creativity Distributing ARPA Funds (English and Spanish)
– April 27, 2021 – Success Using CARES Act Funding (English and Spanish)
– March 2, 2021 – Making History with the Debt Agreement (English and Spanish)
– February 3, 2021 – Ending the Bankruptcy on a Positive Note (English and Spanish)
FACT SHEET: Adjustment Plan – Teacher Retirement System (TRS) (in Spanish)
Plan of Adjustment of the Commonwealth of Puerto Rico (in Spanish)
Omar J. Marrero, Esq.
Omar J. Marrero obtained a B.B.A. with a double major in Accounting and Finance from the University of Dayton (Ohio). He earned a Juris Doctor from the Inter American University of Puerto Rico, where he graduated Summa Cum Laude. After completing his law degree and passing the bar with one of the most outstanding scores, he went on to obtain an L.L.M. in Corporate Law from New York University. Marrero is also admitted to the New York State bar.
During the course of his professional career; Marrero has worked with local and international banks, and has served in the Government, Academia and law firms.
During the past ten years, Marrero has acted as a transactional and regulatory attorney in the areas of corporate and finance law, capital markets, real estate and infrastructure; and government affairs. His experience includes participating in the financing of the six-star hotel in Puerto Rico, multiple corporate reorganizations, complex financing transactions, and public-private partnerships, as well as providing advice to several governments entities.
Marrero served as Secretary of the Department of Consumers Affairs of Puerto Rico under the administration of former Governor Luis Fortuño. In addition, for seven years he has also served as adjunct professor of the School of Law of the Inter American University of Puerto Rico, teaching corporate law courses.
In July 2021, Marrero was appointed Secretary of State by Governor Pedro Pierluisi. Marrero was confirmed by the Legislative Assembly as Secretary of State in November 2021. In addition, since 2019 Marrero has served as Executive Director of the Puerto Rico Fiscal Agency and Financial Advisory Authority, leading Puerto Rico debt restructuring efforts and other fiscal and economic efforts.
Previously, Marrero served as Executive Director of the Puerto Rico Ports Authority, from January 2017 to March 2018, and also, from January 2017 to July 2019, as Executive Director of the Puerto Rico Conventions District Authority, and Executive Director of Puerto Rico Public Private Partnerships Authority (P3A). He also served as Vice President of the Board of Directors of the Puerto Rico Electric Power Authority. And from February 2018 to July 2019, he acted as the Governor’s Authorized Representative (GAR) before FEMA and Executive Director of the efforts of the Central Office of Recovery and Reconstruction (COR3), which is attached to the P3A.
Learn more here
PRNOW New York Conference 2023
PR Growth Summit 2022 (June 6 & 7, 2022)
– Welcome to the Puerto Rico of Now – (AAFAF)
– Progress on Debt Restructuring and Fiscal Matters – (DLHR)
– Against All Odds, Leading Global Tourism – (DMO)
– Road To Competitiveness – (DEDC)
– Federal Funding and Reconstruction – (COR3)
– CDBG-DR Gap To LIHTC Program: Driving PR’s Affordable Housing Supply – (PRHFA)
– PRASA’s Infrastructure and its Capital Improvement Program – (PRASA)
– Closing Chapter Beginning a New Era – J.P. Morgan 2022 Global High Yield & Leveraged Finance Conference (February 28, 2022)
– Puerto Rico: A Path Forward (January 2022)
– American Rescue Plan: State and Local Puerto Rico Fiscal Recovery Funds (Government Dependencies) (July 20, 2021)
– American Rescue Plan: State and Local Puerto Rico Fiscal Recovery Funds (Municipalities) (July 20, 2021)
– Barclays Conference Call – AAFAF Presentation (June 23, 2021)
– Specific Powers of the Financial Oversight and Management Board for Puerto Rico (May 20, 2021)
– First Government Public Policy Summit (Presentations for Heads of Government Dependencies) (March 9, 2021)
– First Government Public Policy Summit (Presentations for Mayors) (March 9, 2021)
– J.P. Morgan 2021 Global High Yield & Leveraged Finance Conference – Presentation of Omar J. Marrero (March 1, 2021)
– 2021 Puerto Rico Manufacturers Association Meeting with the Government – Presentation of Omar J. Marrero (February 25, 2021)
– AAFAF Outlines Positive Outlook and More Fiscal Responsibility for Puerto Rico – Media Roundtable (February 3, 2021)
– Interagency Conference 2020:
– Presentation – Strategic Disbursement Plan Coronavirus Relief Fund
Tel.: (787) 722-2525 Ext. 15445
E.mail: dennis.costa@aafaf.pr.gov
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