FONPLATA has signed a 60.535-billion-US-dollar loan agreement with Uruguay’s National Corporation for Development (CND) to fund the Support Program for Forest Road Network Optimization. The guarantee contract was signed the same day. The Program, which shall be carried out by Corporación Vial del...
By the end of last year, the Inter-American Development Bank (IDB) published an analysis report on energy in Latin America and the Caribbean. The most outstanding fact revealed by the report is that in 20 years the energy demand in the region will increase by 100%. To meet this demand, huge...
I have just been in Washington DC, at the Spring Meetings of the World Bank and the International Monetary Fund, an annual meeting of the two key agencies of the world’s financial system, in which the current situation of the world economy and the perspectives for the future are analyzed. It is a...
A few days ago, I have signed in Uruguay, on behalf of FONPLATA, the commitment of the Institution to fund the improvement of Montevideo’s port access road, Rambla Portuaria, by improving the road and railway access to Uruguay’s main connecting hub to the rest of the world. This project is just an...
Within the framework of FONPLATA’s sharp growth and its search for new investors, the regional development bank placed for the first time in the international capital markets five-year bonds for a total of CHF 150 million (equivalent to US$ 150 million) with a 0.578% coupon in Swiss francs. On...