Development banks are trying to reach global commitments so that prosperity is no longer a mere promise. Juan E. Notaro FONPLATA Executive President There is a group of institutions in the world whose assets represent more than twice the amount of money needed to buy Apple, Microsoft, Alphabet...
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...
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...
Non-reimbursable technical cooperation, granted by the Development Bank, provides cutting-edge technology radio equipment to strengthen the provincial emergency communication system. A virtual ceremony was held to formally deliver the equipment. It is important to highlight that the above-mentioned...