 In 1975 he transferred to the Government Development Bank for Puerto Rico as its President until 1976 to oversee the Bank's business during one of the most difficult financial crisis in the municipal bond market in the United States.From 1990 to 1992 he was appointed Administrator of the Economic Development Administration, the agency charged with implementing economic development policies on the island.In 2005 he went back to the Government Development Bank as its Chairman and later became its President until 2007.