Based on my understanding the debt relief package for PR has passed congress and is waiting on Obama signature to become law. He is likely to sign it sometime today.
Likely he will name also the 7 members of the board.
In the list of first action is and audit of the debt and government finances, this is likely to take many months as I expect that heads of the government departments will slow the progres.
Also in the list are voluntary negotiations with the bond holders that need to be completed by mid February, otherwise, the board needs to vote at least 4 to 3 to force a legal restructure which may not happen.
Mean time a moratorium is in place until February and retroactive to December 2015.
It is not likely that we will see a lot of economic changes for many months to come, maybe even a year or more. These things don't move fast.
So be patient, changes are coming. Unknown if they will be for the good or bad.
Mean time expect demonstrations and acts of civil disobedience which are already planned.
UN has also been visited and we are waiting what the UN has to say about the colonial status of PR.