PRESS RELEASE

The Puerto Rico Institute of Statistics has a new president of its Board of Directors

The Puerto Rico Statistics Institute (Institute) has a new president of its Board of Directors. The Board elected the economist and former university professor, Nicolás Muñoz, as president after the resignation on April 3 of Arnaldo Cruz, who had been president for the past three years. Muñoz, who served as vice-president of the Institute's Board, has a master's degree in economics from the University of Puerto Rico and is president of Tactical Planners, Inc., a firm dedicated to economic consulting and strategic planning. Muñoz has held other ad honorem positions in the government of Puerto Rico, including a member of the Governor's Council of Economists, president of the Workforce Investment Board (WIA), a member of the Governor's Committee for the review of the minimum wage in Puerto Rico and a member of the Employment Opportunity Promotion Board of the Department of Labor.

Board members do not earn compensation for their services. The Board is composed, in addition to Muñoz, of Dr. Idania Rodríguez Ayuso, vice-president, Mrs. Carola Ballester Descartes, secretary, Mr. Vicente Feliciano Pérez and the Hon. Manuel Laboy. This Board of Directors, as established in Act 209 of August 28, 2003, is the governing body that establishes the administrative policy of the institute, which is led by Dr. Orville M. Disdier.

Dr. Idania Rodríguez Ayuso has a master's degree in Epidemiology from the University of Puerto Rico and a doctorate in Public Health with a concentration in Epidemiology from Walden University. Rodríguez is also an independent consultant in epidemiology, statistics and research and a professor at Ana G. Méndez University. Mrs. Carola Ballester Descartes has a master's degree in Planning from the University of Puerto Rico, where she is also a professor and associate dean of the School of Architecture, and a master's degree in Landscape Architecture from the Polytechnic University of Puerto Rico.

On the other hand, Mr. Vicente Feliciano Pérez has a bachelor's degree in Economics from Harvard University and an MBA, IMD Business School in Switzerland. Feliciano is also founder and president of Advantage Business Consulting. The Hon. Manuel Laboy Rivera, who represents the government official in the Board as established by law, has a bachelor's degree in Chemical Engineering from the University of Puerto Rico and a master's degree from the University of Turabo. Laboy is the secretary of the Department of Economic Development and Commerce and executive director of the Puerto Rico Industrial Development Company.

As reported, the new members of the Board will concentrate their work on implementing the institute's Strategic Plan, which includes several goals, including: Develop an administrative structure that allows the proper functioning of internal processes, restructuring the statistical coordination committee so that it operates effectively and increases compliance with the law that governs the institute and establishes its mission, and improving the budget or capital by diversifying the institute's services and projects to obtain external income or funds non-governmental.

The Puerto Rico Statistics Institute is an autonomous governmental entity tasked with coordinating the government's statistical production service to ensure that the data collection and statistics systems, on which public policies are based, are complete, reliable, and accessible quickly and universally.

To learn more about the Institute of Statistics, you can access the website: www.estadisticas.pr.gov. On social media through Facebook (@estadisticas .pr), Twitter (@EstadisticasPR) and LinkedIn (Institute of Statistics of Puerto Rico) accounts.

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Contact: Idia M. Martínez, R‐28 787‐603‐3200

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New Executive Director of the Institute of Statistics appointed

The Puerto Rico Institute of Statistics will provide guidance on how to access and interpret Puerto Rico's financial statistics in the "Financial Statistics" webinar this Thursday, May 21.

The Puerto Rico Institute of Statistics announced it will host the "Financial Statistics" webinar, an educational initiative aimed at presenting and contextualizing the main indicators of Puerto Rico's financial system, as well as the official sources available for their analysis and interpretation.

The event will take place this Thursday, May 21, 2026, from 10:00 a.m. to 11:30 a.m., as part of the Institute's Academies and Workshops Program. The webinar will be offered virtually via the GoToWebinar platform, will include 1.5 contact hours and will be free of charge, although prior registration is required via the following link: https://register.gotowebinar.com/register/8839159147111590485.

The speaker will be the Institute's statistical projects manager, Dr. Ronald G. Hernández Maldonado, who will discuss indicators published by entities such as the Office of the Commissioner of Financial Institutions (OCIF), the Public Corporation for the Supervision and Insurance of Cooperatives of Puerto Rico (COSSEC), and the Puerto Rico Institute of Statistics itself.

Topics to be discussed include the main data sources for financial statistics used in Puerto Rico, the interpretation of economic and financial indicators, and the official platforms where the public can access this information for analysis, research, and decision-making.

“Financial statistics provide a better understanding of the behavior of various economic sectors and facilitate informed decision-making in both public and private spheres. Access to and understanding of this data is fundamental for promoting more precise analyses of Puerto Rico's economic reality and strengthening the use of official and reliable information,” said Hernández Maldonado.

"Financial education based on empirical data is the first step towards more accurate decision-making, both personally and collectively. We encourage all citizens to participate in this free virtual event, designed to make financial statistics an accessible, useful, and highly valuable tool for everyone,” said Dr. Orville M. Disdier Flores, Executive Director of the Institute.

The webinar is aimed at professionals, researchers, students, and individuals interested in the economic and financial analysis of Puerto Rico. As requirements, participants must have an internet connection and access to a computer or tablet.