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...
The Development Bank approved more than USD 11 million funding for the project "Speed Up Palhoça: Urban Infrastructure of the Southern Region and Frei Damião" of this tourist town in the Brazilian State of Santa Catarina. The purpose of the investment is to improve the quality of life of its...
Within the framework of Argentina's National Connectivity Plan, the Board of Directors of FONPLATA – Development Bank approved funding for a program that will help reduce the digital gap in the country. By improving digital connectivity in urban centers of low population density in the Province of...