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Melba Acosta Febo

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Melba Acosta Febo is a corporate executive, attorney, and certified public accountant. She is a former president of the Government Development Bank of Puerto Rico and a former chief public finance officer of Puerto Rico.[2] Acosta also served as the Secretary of the Treasury of Puerto Rico,[3][4][5][6] director of the Puerto Rico Office of Management and Budget and chief of staff of the municipality of San Juan.

Melba Acosta Febo
Melba Acosta.jpg
President of the Puerto Rico Government Development Bank
In office
October 27, 2014 – July 7, 2016[1]
Governor Alejandro García Padilla
Preceded by Javier Ferrer
Secretary of Treasury of Puerto Rico
In office
January 2, 2013 – October 26, 2014
Governor Alejandro García Padilla
Preceded by Jesús Méndez
Succeeded by Juan Zaragoza
Director of the Office of Management and Budget of Puerto Rico
In office
January 2, 2001 – December 15, 2004
Governor Sila María Calderón
Preceded by Jorge Aponte
Succeeded by Ileana Fas
Personal details
Born Melba Acosta Febo
Arecibo, Puerto Rico, U.S.
Alma mater University of Puerto Rico, Río Piedras
Harvard Business School
Occupation Corporate executive
Certified Public Accountant
Website Official LinkedIn

Private sector careerEdit

In the private sector, she held various corporate positions at R&G Financial Corporation, such as chief administrative officer, corporate risk manager, and chief financial officer (CFO).[3] She was also a corporate counsel at Puerto Rico's largest law firm, McConnell Valdés, LLC, and a tax consultant with Price Waterhouse.[7] Acosta holds a BBA in accounting and a JD, both from the University of Puerto Rico, Rio Piedras, and an MBA from the Harvard Business School, where she was an Eli Lilly scholar.[8][9][10] She has been a member of the board of directors of the Puerto Rico Museum of Art (Chairwoman, Treasurer, and Secretary),[11] the Fundacion Luis Munoz Marin (Treasurer, Secretary)[12] and United Way of Puerto Rico.[13]


  1. ^ "Governor recommends Alberto Bacó as Interim President of the GDB" (PDF). Retrieved 10 May 2017.
  2. ^ Kaske, Michelle (2014-10-15). "Puerto Rico Governor picks Melba Acosta to head Development Bank". Bloomberg. Retrieved 2015-08-27.
  3. ^ a b "Melba Acosta es nominada como secretaria de Hacienda" (in Spanish). Primera Hora. 2011-12-29. Retrieved 2013-02-28.
  4. ^ "García Padilla ya tiene presidente del BGF y secretaria de Hacienda". El Nuevo Dia (in Spanish). 2012-12-11. Archived from the original on 2013-02-15. Retrieved 2013-02-28.
  5. ^ "Designa a líderes de Hacienda y BGF – Vocero de Puerto Rico". Vocero (in Spanish). 2012-12-11. Archived from the original on November 10, 2013. Retrieved 2013-02-28.
  6. ^ Acevedo Denis, Ely (2012-12-11). "Melba Acosta encabeza "Dream Team" económico". NotiCel (in Spanish). Retrieved 2013-02-28.
  7. ^ LinkedIn. "Melba Acosta Febo". Retrieved 2014-10-14.
  8. ^ Velázquez, Brunymarie (2013-03-10). "Entre recaudos y sensibilidad en Hacienda". El Nuevo Dia (in Spanish). Retrieved 2013-03-10.
  9. ^ Slavin, Robert (2015-09-25). "Acosta to testify at Senate Finance Committee's Puerto Rico Hearing". Bond Buyer. Retrieved 2015-09-25.
  10. ^ Slavin, Robert (2015-07-07). "Puerto Rico's Melba Acosta Febo to Leave Service at end of July". Bond Buyer.
  11. ^ Museo de Arte de Puerto Rico. "Museo de Arte de Puerto Rico".
  12. ^ Fundacion Luis Munoz Marin. "Fundacion Luis Munoz Marin".
  13. ^ Fondos Unidos de Puerto Rico. "Fondos Unidos de Puerto Rico".