Representatives of all member countries of the Development Bank took part in the meeting, held in Santa Cruz de la Sierra, Bolivia, in which FONPLATA’s new Financial Policies and the financial terms and conditions for Non-Sovereign Risk Loans were approved. It was also agreed to increase the funding amounts for the Economic Recovery Support lines, as well as for the Green line.

In accordance with the objectives of the 2030 Agenda for Sustainable Development, a compensation line was approved to lower the financial costs of projects involving Gender Equality and Youth. Thus, based on its mission as a Development Bank, FONPLATA would allocate resources to its member countries in order to contribute to the achievement and attainment of the Sustainable Development Goals (SDGs) in areas related to Good Health and Well-Being (SDG 3), Quality Education (SDG 4), Gender Equality (SDG 5), Decent Work and Economic Growth (SDG 8) and Peace, Justice, and Strong Institutions (SDG 16), thus contributing to the development of the Region.

The Executive Director for Argentina, Leandro Gorgal, served as Chairman of the 185th Meeting of the Executive Board of Directors, attended by: Sabrina Scala, for Argentina; Marcelo Laura Guarachi and Juana Patricia Jiménez Soto, for Bolivia; João Luís Rossi and Leonardo Lima Chagas, for Brazil; Oscar Pérez López and Francisco Ogura, for Paraguay; and Fernando Luis Scelza and Valerie Stalh, for Uruguay. FONPLATA's Executive President a.i., Luciana Botafogo, accompanied by the Bank's senior management, was also present.

03/03/2023