Juan E. Notaro ends his term as Executive President of FONPLATA

Juan Notaro ends his term

Notaro ended his second term as head of FONPLATA during the 182nd Meeting of the Executive Board of Directors of the Development Bank, after having led the renovation, modernization, and sustainability of the multilateral organization for 10 years.

The economist and agricultural engineer Juan. E Notaro was the first Executive President of FONPLATA and served in that position for two terms, from 2012—2017 and from 2017—2022. With the support of Argentina, Bolivia, Brazil, Paraguay, and Uruguay (FONPLATA member countries), he succeeded in strengthening the institution to serve the needs of the subregion with a structure that facilitated the analysis and approval of projects, as well as the disbursement of funds. In addition, during his term of office, the Executive Board modified the Articles of Agreement and FONPLATA became a Development Bank.

At the meeting of the Executive Board held this Thursday, September 15, Notaro stressed that he was leaving “an institution with a sound financial profile, with modern policies aligned with the world's leading MDBs and, what is equally important, with a professional team that has the capacity, commitment, and experience to continue along the path to success we have been traveling since the end of 2012.”

The representatives of the five countries praised Juan Notaro’s management, as well as the growth and credit rating achieved by the bank in that period.

Prior to leading FONPLATA, Notaro was Deputy Secretary of the Inter-American Development Bank (IDB) in Washington D.C., between 2008 and 2012, and acted as Uruguay Executive Director on the Board of Executive Directors of the IDB and the World Bank. In 1999 and 2000 he was Deputy Secretary of the Ministry of Agriculture, Livestock, and Fishery of Uruguay. Before that, between 1993 and 1999, he worked as provincial development projects specialist for the World Bank in Buenos Aires, Argentina. He has 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. Before that, he was the Coordinator of Uruguay’s Fruit and Wine Reconversion Project supported by the IDB. He is an agricultural engineer graduated from the University of the Republic of Uruguay and has an MBA degree in Agricultural Economics from the University of London.