by Mindy Aguon
Guam - Because adequate notice wasn't given for their meeting today, the Guam Economic Development Authority's board of directors did not meet today. The board was expected to receive the GEDA staff's recommendation on the selection of underwriter services for the Government of Guam.
The underwriter, or financial expert, is expected to play a crucial role in helping the government to obtain a $344 million bond later this year to pay tax refunds and pay down outstanding obligations of the government.
The board is now scheduled to meet next week Friday.