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...
The Development Bank has approved a funding of more than USD 25 million for the project “Transport and Urban Mobility in Criciúma/SC – II”, State of Santa Catarina, which aims at improving the quality of life of the population and the city’s resilience to the effects of climate change by investing...
Juan E. Notaro Executive President of FONPLATA – Development Bank After more than two decades working in international organizations, I must say that despite the efforts towards the integration of Latin America, most people in the region still refer to it as a dream, a desire, a utopia. In fact, if...
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...