The Development Bank approved a new loan of US$45 million for the “Financial Assistance Program for Micro and Small Enterprises” led by the National Development Agency (ANDE), aiming at alleviating the impacts of the emergency caused by the COVID-19. This operation adds to the US$15-million loan...
The Development Bank approved a US$32-million funding for the Urban Development Program of the municipality of Cascavel, in the Brazilian State of Paraná. Focused on the most vulnerable population, the investment will enable the implementation of sanitation and urban mobility works, the construction...
Juan E. Notaro FONPLATA Executive President The challenge is to assure that the sacrifices we have made so far pay off. I review Latin-American newspapers and the news of these first days of June paint a gloomy picture. The region has become the global epicenter of the pandemic and the economic...
Juan E. Notaro FONPLATA Executive President As governments in the region start taking action to get the economy back on track, the size of the challenges we shall face in the coming months becomes more visible. Latin America will have to face economic standstill due to quarantine and lockdown...
FONPLATA granted an 8-year US$36-million revolving line of credit to the Development Bank of Minas Gerais – BDMG, Brazil, which will be used to fund projects initiated by the municipalities of the State of Minas Gerais. This operation with BDMG (Banco de Desenvolvimento de Minas Gerais) is the first...