The United States Congress passed the Puerto Rico Oversight, Management and Economic Stability Act (Promesa) enabling a fiscal control board to oversee all of Puerto Rico's financials.

Query: (1) What were the circumstances that made it necessary for the U.S Congress to intervene and adopt PROMESA?
          (2) What are duties and responsibility of the fiscal control board that will oversee all of Puerto Rico's financial affairs.
          (3) What is the current status of Promesa? Is the fiscal control board accomplishing its goals as mandated by the U.S Congress.
          (4) What can the Government of the Virgin Islands do to avoid a similar fate that caused Puerto Rico to seek federal assistance due to the fact they could not file bankruptcy under Laws of the United States.

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