Rome/ Santa Cruz de la Sierra, 11th July 24 - FONPLATA and the Italian National Promotional Bank and Financial Institution for International Development Cooperation Cassa Depositi e Prestiti (CDP) announce their first credit agreement for a total of USD 30 million to promote green and blue projects under the Bank’s Sustainable Debt Framework in the Rio de la Plata Basin.

Green projects comprise the construction or enhancement of renewable power systems, low-carbon transportation infrastructure, and infrastructure to preserve urban natural resources and ecosystems, such as greenways and environmental parks, among others. Whereas blue projects focus on water and sanitation, such as water treatment plants, technologies for efficient water management, macro and micro drainage, flood defense systems, construction or enhancement of water supply and sanitation systems.

FONPLATA’s Executive President, Luciana Botafogo, highlighted the benefits of this alliance with CDP for its member countries and stated, “we are very pleased with the signing of this new line of credit that promotes the funding of green and blue projects. FONPLATA is committed to promoting climate change mitigation and adaptation actions that enable us to preserve the future of the planet.”

CDP’s Director for International Development Cooperation, Paolo Lombardo, added, “We are glad to have established a new partnership with a leading regional institution as FONPLATA. Our mandate is to foster sustainable global development by financing strategic and long-term projects that support social inclusion and climate change resilience. We are confident that this collaboration will significantly contribute to these goals in the Latin American region.”

This collaboration between FONPLATA and CDP is a milestone that lays the groundwork for strengthening the relationship between both institutions in the joint objective of supporting the development of the region.

About Cassa Depositi e Prestiti (CDP)

CDP is the Italian National Promotional Institution and the Financial Institution for International Development Cooperation entrusted by the Italian State to foster the sustainable development of Italy and partner countries. CDP supports economic growth, social inclusiveness and ecological transition by investing in innovation, business competitiveness, infrastructures and local development. According to its 2022-2024 Strategic Plan, it is expected to mobilize a total of €128 billion investments within 2024. For more information visit: www.cdp.it.

About FONPLATA – Development Bank

We work towards the integration of Argentina, Bolivia, Brazil, Paraguay, and Uruguay in order to achieve harmonious, inclusive and sustainable development. Our goal is to favor a better integration of our member countries in Latin America and the global market by funding studies, projects, programs, and technical advice and support. FONPLATA: bringing development closer to the people. For more information visit: www.fonplata.org.

07/11/2024