|term_end = July 7, 2016{{cite web|title=Governor recommends Alberto Bacó as Interim President of the GDB|url=http://www.gdb-pur.com/documents/PressRelease-GovernorrecommendsAlbertoBacoasinterimpresidentoftheGDB.pdf|website=gdb-pur.com|accessdate=10 May 2017}}

|term_start1 = January 2, 2013

|term_end1 = October 26, 2014

|term_start2 = January 2, 2001

|term_end2 = December 15, 2004

}}

Melba Acosta Febo is a corporate executive, attorney, and certified public accountant. She is a former president of the Government Development Bank of Puerto Rico and a former chief public finance officer of Puerto Rico.{{cite web|last=Kaske|first=Michelle|url=https://www.bloomberg.com/news/articles/2014-10-15/puerto-rico-governor-picks-melba-acosta-to-head-development-bank.html |title=Puerto Rico Governor picks Melba Acosta to head Development Bank |publisher=Bloomberg |date=2014-10-15 |accessdate=2015-08-27}} Acosta also served as the Secretary of the Treasury of Puerto Rico,{{cite web|url=http://www.primerahora.com/melbaacostaesnominadacomosecretariadehacienda-736988.html |title=Melba Acosta es nominada como secretaria de Hacienda |publisher=Primera Hora |date=2011-12-29 |accessdate=2013-02-28|language=Spanish}}{{cite web |url=http://www.elnuevodia.com/garciapadillayatienepresidentedelbgfysecretariadehacienda-1405380.html |title=García Padilla ya tiene presidente del BGF y secretaria de Hacienda |work=El Nuevo Dia |date=2012-12-11 |accessdate=2013-02-28 |language=Spanish |url-status=dead |archiveurl=https://web.archive.org/web/20130215131029/http://www.elnuevodia.com/garciapadillayatienepresidentedelbgfysecretariadehacienda-1405380.html |archivedate=2013-02-15 }}{{cite web|url=http://www.vocero.com/designa-a-lideres-de-hacienda-y-bgf// |title=Designa a líderes de Hacienda y BGF – Vocero de Puerto Rico |work=Vocero |date=2012-12-11 |accessdate=2013-02-28 |language=Spanish |url-status=dead |archiveurl=https://web.archive.org/web/20131110011321/http://www.vocero.com/designa-a-lideres-de-hacienda-y-bgf// |archivedate=November 10, 2013 }}{{cite web|last=Acevedo Denis|first=Ely|url=http://www.noticel.com/noticia/134475/melba-acosta-encabeza-dream-team-economico.html |title=Melba Acosta encabeza "Dream Team" económico|work=NotiCel |date=2012-12-11 |accessdate=2013-02-28|language=Spanish}} director of the Puerto Rico Office of Management and Budget and chief of staff of the municipality of San Juan.

Private sector career

In the private sector, she held various corporate positions at R&G Financial Corporation, such as chief administrative officer, corporate risk manager, and chief financial officer (CFO). She was also a corporate counsel at Puerto Rico's largest law firm, McConnell Valdés, LLC, and a tax consultant with Price Waterhouse.{{cite web|last=LinkedIn|first= |url=https://www.linkedin.com/in/acostamelba |title=Melba Acosta Febo| work= |date= |accessdate=2014-10-14}} Acosta holds a BBA in accounting and a JD, both from the University of Puerto Rico, Rio Piedras, and an MBA from the Harvard Business School, where she was an Eli Lilly scholar.{{cite web|last=Velázquez|first=Brunymarie|url=http://www.elnuevodia.com/entrerecaudosysensibilidadenhacienda-1465704.html |title=Entre recaudos y sensibilidad en Hacienda | work=El Nuevo Dia |date=2013-03-10 |accessdate=2013-03-10|language=Spanish}}{{cite web|last=Slavin|first=Robert|url=http://www.bondbuyer.com/news/washington-budget-finance/acosta-to-testify-at-senate-finance-committees-puerto-rico-hearing-1085494-1.html|title=Acosta to testify at Senate Finance Committee's Puerto Rico Hearing | work= Bond Buyer |date=2015-09-25|accessdate=2015-09-25|language=English}}{{cite web|last=Slavin|first=Robert|url=http://www.bondbuyer.com/news/regionalnews/puerto-ricos-melba-acosta-febo-to-leave-service-at-end-of-july-1107914-1.html|title=Puerto Rico's Melba Acosta Febo to Leave Service at end of July | work= Bond Buyer |date=2015-07-07|language=English}} She has been a member of the board of directors of the Puerto Rico Museum of Art (Chairwoman, Treasurer, and Secretary),{{cite web|last= Museo de Arte de Puerto Rico|url=http://www.mapr.org/en|title=Museo de Arte de Puerto Rico}} the Fundacion Luis Munoz Marin (Treasurer, Secretary){{cite web|last= Fundacion Luis Munoz Marin|url=http://luismunozmarin.net/flmm/#|title=Fundacion Luis Munoz Marin}} and United Way of Puerto Rico.{{cite web|last= Fondos Unidos de Puerto Rico|url=http://www.fondosunidos.org|title=Fondos Unidos de Puerto Rico}}