FONPLATA’s Executive Board held its 210th regular meeting on August 11, in Brasília, approving strategic measures to strengthen the Bank’s operational and financial capacity, promote new financing tools, and support investments aimed at sustainable territorial development.

The Directors also reviewed and approved the update to the Bank’s financial policies,  extending the maximum loan term from 20 to 25 years and creating a new type of instrument: guarantees with sovereign counter-guarantees. Beyond granting direct loans, FONPLATA is now equipped to back member countries’ payment obligations to third parties, helping mobilize external resources, secure better financial conditions, and mitigate transaction risks.

In addition, the “Institutional Programmatic Loan Instrument (PPI)” was approved—a new mechanism designed to support public policy and institutional reforms in strategic sectors for member countries' socioeconomic development. This instrument will enable the Bank to support institutional modernization programs through financing tied to the fulfillment of previously agreed-upon actions and results, thereby strengthening governments’ capacity to implement reforms aimed at sustainable growth, improved public management, and poverty reduction.

The Board also approved Operational Proposal BR-160, “Sergipe Territorial Development Program — Mais Sergipe,” aimed at promoting balanced territorial development in the Brazilian state of Sergipe through investments in road infrastructure, water security, urban development, and territorial management. FONPLATA will provide USD 78.4 million  toward the total USD 98 million program budget.

The program will recover and modernize critical water infrastructure, upgrade roads and strategic corridors, develop spatial data infrastructure, and expand urban and community works to improve living conditions and reduce territorial disparities—directly benefiting more than 1.6 million people.

Additionally, the Board endorsed the 2027–2031 Institutional Strategy, establishing the institutional pillars and objectives that will drive the Bank's transformation agenda over the next five years.

Furthermore, the Board was briefed on the proposed allocation of earnings for fiscal year 2025, and received updates on new operations in Uruguay, Bolivia, and Argentina.

Finally, in accordance with the annual rotation of the Presidency of the Executive Board, Uruguay was formally appointed as President of the Board for the upcoming term, succeeding Paraguay, whose commitment and contributions during the concluding term were acknowledge and appreciated.

The meeting was attended by all the Executive Directors and some Alternate Directors, as follows: Martín Tolivia and Myriam Bozzano, representing Argentina; Fernando Jiménez, representing Bolivia; João Rossi and Fabio Marvulle Bueno, representing Brazil; Oscar Antonio Pérez López and Francisco Ogura, representing Paraguay; and Juan Benítez and Valérie Stahl, representing Uruguay. FONPLATA officials were also present: Executive President, Luciana Botafogo; Vice President of Operations and Countries, Eliana Dam; Vice President of Strategic Development, Viviana González; Vice President of Finance, Matías Mednik; Executive Vice President, Elke Groterhorst; and General Counsel, Karina Pereira.

The 210th meeting reaffirmed FONPLATA’s commitment to strengthening regional integration and financing initiatives that promote sustainable, inclusive, and resilient development across its member countries.