Juan E. Notaro Executive President of FONPLATA – Development Bank One of the statements we heard most at the beginning of the pandemic was that “COVID does not affect young people”. Unfortunately, the virus’ Delta variant and the economic consequences of the health emergency have proven that such...
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...
To continue supporting the economic recovery process following the COVID-19 pandemic, FONPLATA – Development Bank signed a new loan agreement with Uruguay to support micro, small, and medium enterprises, one of the sectors that suffered most the effects of the crisis caused by the coronavirus. The...
The Development Bank approved a USD 5 million-funding to the “Project for the strengthening and regional consolidation of the Bicentenary History and Cultural Centers”, to support these centers of cultural and social inclusion aiming at the development of local cultural identities and the promotion...
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...