FONPLATA provided funding for building hospitals in Argentina


Argentina received 15 million US dollars from FONPLATA to build 11 modular emergency hospitals, totaling 760 beds, to deal with the global emergency caused by the COVID-19 outbreak.

In view of the pandemic caused by the coronavirus and the health emergency that our nations are going through, FONPLATA – Development Bank made economic resources available to different governments in order to support the actions that are being carried out to stop the spread of the disease and mitigate its immediate effects.

Within this framework, today (Monday, March 23), FONPLATA approved funding to build modular emergency hospitals in different provinces of Argentina. These actions will increase hospital bed capacity with 240 beds conditioned with the necessary equipment to attend patients in intensive therapy and 520 for other treatments that require hospitalization.

On the other hand, resources aimed at serving the most vulnerable part of the population will also be granted. FONPLATA approved a restructuring of existing loans in order to meet the high demand for personnel required by the health system. In addition, 12 million US dollars will be allocated for the demands of the municipalities.

Some days ago, FONPLATA made available to its member countries (Argentina, Bolivia, Brazil, Paraguay, and Uruguay) a special loan line to address the emergency of COVID-19 through special fast-track procedures for approval and disbursement.

Furthermore, a special non-reimbursable technical cooperation fund was created, the resources of which will be allocated among the five countries to address actions implemented to mitigate the effects of the pandemic. Additionally, the reallocation of resources from approved loans has been agreed to in order to strengthen the response capacity to face the pandemic more effectively.

Thus, FONPLATA supports the efforts that are being made to face the socioeconomic effects of coronavirus in the region in a timely and effective manner.