The Municipal Finance Corporation (COFIM, by its Spanish acronym) is a public and independent corporation of the Government of Puerto Rico, attached to the Financial Advisory Authority and Fiscal Agency (AAFAF). Its legal foundation is established in Chapter VII of Act 107-2020, known as the Puerto Rico Municipal Code.
COFIM is primarily funded through revenues collected from the 1% Municipal Sales and Use Tax (SUT). Among its powers, the corporation is authorized to issue bonds and use other financing mechanisms to pay or refinance, directly or indirectly, all or part of the obligations of municipalities that are payable from or secured by the municipal SUT.
Merchants remit the municipal SUT through the digital platform www.cofim.pr.gov, as well as at Banco Popular de Puerto Rico (BPPR) branches and at municipal offices.
Currently, five municipalities do not participate in the COFIM system: Bayamón, Carolina, Guaynabo, Mayagüez, and San Juan.

Visit the official COFIM portal for additional information, resources, and merchant services.

Access official fiscal reports, statements, and disclosures that track Puerto Rico’s financial progress.

Review agency procedures, policies, and notices supporting transparent public administration.

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Explore financial data, ratings, and reports relevant to investors and Puerto Rico’s debt portfolio.

Learn about AAFAF’s mission, responsibilities, and role in strengthening Puerto Rico’s fiscal stability.
