In the face of a global synchronous crisis due to the COVID-19 pandemic, countries around the world continue to work to contain the spread and growing impact of the virus. The deterioration of economic projections and its unparalleled impact underscore both the necessity of implementing a series of...
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...
The Inter-American Development Bank (IDB), CAF – development bank of Latin America –, and FONPLATA – Development Bank – announced the launching of their Alliance for the Integration and Development of Latin America and the Caribbean (ILAT) to provide technical and financial support to integration...
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...
In times when joint efforts are needed to contain the effects of the COVID-19, FONPLATA received US$130 million from the reserves of the Central Bank of Uruguay (BCU) to support the development bank's response to the impact of the coronavirus. Recently, FONPLATA set up a COVID-19 Emergency Line to...