Juan E. Notaro Executive President of FONPLATA – Development Bank An old joke that is frequently recycled in the Latin American political environment is that of the ruler addressing his people and stating: “Yesterday we were on the edge of the abyss. Today we have taken a step forward!”...
The 20th. Meeting of the Board of Governors was held on September 17 and chaired by Azucena Arbeleche, Governor for Uruguay. The Assembly took place online and was attended by the authorities representing all FONPLATA’s member countries: Leandro Gorgal, Undersecretary of International Financial...
Juan E. Notaro Executive President of FONPLATA – Development Bank As it has already happened with energy and transport, sustainable finance is also proving to be profitable A few years ago, it was almost an oxymoron to talk about green investments. It was fine to take care of the planet, but it was...
The Development Bank has approved a funding of more than USD 25 million for the project “Transport and Urban Mobility in Criciúma/SC – II”, State of Santa Catarina, which aims at improving the quality of life of the population and the city’s resilience to the effects of climate change by investing...
Juan E. Notaro Executive President of FONPLATA – Development Bank The main role of development banks is to fund programs and projects that may not be convenient or profitable for commercial banks. Development, in the broad sense, is everything that contributes to improve people’s well-being and...