The Executive President is FONPLATA’s legal agent and is responsible for the general management of the Development Bank. An Advisory Council composed of experts from the region’s economic, financial and business community provides support to the Executive President in the analysis of FONPLATA strategic objectives. The term of office is five years.

Juan E. Notaro Fraga



Committed to modernizing and streamlining the organization, Juan Enrique Notaro Fraga, Uruguayan economist and agricultural engineer, was elected as FONPLATA’s President for the terms 2012-2017 and 2017-2022.

Notaro believes that the battle for development and inclusion must reach the most remote and relatively less developed areas, generally located in border areas of the member countries (Argentina, Bolivia, Brazil, Paraguay, and Uruguay). Therefore, and with the support of the Executive Board of Directors and the Board of Governors, FONPLATA’s lending capital was increased and today amounts to more than 3 billion dollars.

Under his leadership, a new strategic plan was implemented, aligned with the countries’ development agendas, simplifying the processes and the projects’ approval and execution times. This has resulted in renewed support from the member states at national, provincial and local level.

A specialist in economic development with social inclusion, Notaro keeps regular contact with public policymakers of the region, as well as with leaders from the private sector and the civil society.

Between 2008 and 2012, he was Deputy Secretary of the Inter-American Development Bank (IDB) in Washington D.C., after serving as Executive Director for Uruguay of the Board of Executive Directors of the IDB and the World Bank.

In 1999 and 2000 he was Deputy Secretary and Secretary in the Uruguayan Ministry of Agriculture, Livestock and Fishing. Before that, between 1993 and 1999, he worked as provincial development projects specialist for the World Bank in Buenos Aires. He has also held senior positions as consultant and coordinator of programs and projects for economic development in the United Nations, IDB, World Bank, FIDA, IICA, and FAO, among others.

Between 1995 and 1998, he was the Coordinator of Uruguay’s Fruit and Wine Reconversion Project supported by the IDB. He is an agricultural engineer graduated from the Universidad de la República - Uruguay, and has a master’s degree in Agricultural Economics from the University of London.