Historian Discusses the History—and Future—of the PR Government Development Bank

Today @cate_long and @gillamhall interview one of Puerto Rico’s most critical historians, José L. Bolívar, who has written six books on the Commonwealth. José wrote his PhD dissertation on the history of the Government Development Bank (GDB) at the University of Puerto Rico.

Today the GDB serves as the fiscal agent and financial advisor to the government of the Commonwealth of Puerto Rico, but it was not always so. The organization was founded after World War II as an independent public corporation to help build Puerto Rico’s economy–a development bank.

José believes that a revitalized and independent GDB could be become the cornerstone for Puerto Rico’s recovery.

One specific recommendation he makes is removing the appointment of members of the GDB board of directors and president from the governor and Legislature.



José L. Bolívar: http://joselbolivar.com 

Cate Long: @cate_long

Gil Hall: @gillamhall or gil@prnewsroundup.com

PR News Roundup: http://prnewsroundup.com

About Gil Hall

Currently writing book on PR crises. Working title: "Los Pertrechos: the Story of an Economy". Polyglot prone to prolixity in English, German &, Spanish. Based between San Juan and North Carolina. MBA/MHA.