On September 30, 2020, Standard & Poor’s kept the A- rating of FONPLATA making a positive outlook. This is a sign of the Bank's financial soundness and ability to meet the credit needs of its member countries in the current volatile and challenging environment. In recent report, the credit reporting...
In the face of a global synchronous crisis due to the COVID-19 pandemic, countries around the world continue to work to contain the spread and growing impact of the virus. The deterioration of economic projections and its unparalleled impact underscore both the necessity of implementing a series of...
FONPLATA – Development Bank has granted a USD 36 million revolving loan facility with an eight-year repayment term to the Banco Nacional de Fomento (BNF, National Development Bank), an important government agency present nationwide. The loan will be used for funding small and medium enterprises that...
The Executive Board of FONPLATA informed that the Development Bank made available to Argentina, Bolivia, Brazil, Paraguay, and Uruguay a support line of up to USD 1 billion in special financial conditions to mitigate the COVID-19 negative effects. This new support line is part of other actions taken...
Juan E. Notaro FONPLATA Executive President Actions taken to overcome the negative economic effects of the COVID-19 should avoid the return to commodity dependence The governments of Latin America maintain their action to slowdown the spread of the COVID-19 in the region. While health-care...