FONPLATA grants USD 50 million to the Caja de Jubilaciones y Pensiones Bancarias (CJPB – Bank Retirement and Pension Fund) within the framework of the system’s reform approved by Law Nº 20,208. The purpose of the project is to guarantee the financial sustainability of CJPB, favoring its convergence to the Common Pension System.

This loan is in line with the policies established in FONPLATA's Institutional Strategic Plan (PEI), since its mission prioritizes the financing of actions that contribute to sustainable social and economic development, in order to mitigate risks that affect the quality of life of future generations. It also contributes to the PEI's Strategic Complementarity Pillar, as the operation supplements funding from other multilateral organizations, including local banks.

The operation has been structured in two stages, with a 24-month disbursement term and a 16-year repayment period.

06/20/2024