The 191st Meeting of FONPLATA’s Board of Directors was held on Thursday, November 23, with the participation of representatives of all member countries.

A USD-10-million loan to BADESUL, development agency of the state of Rio Grande do Sul (Brazil), was approved under the non-sovereign risk line, to promote regional development by financing productive sectors, urban infrastructure, and micro and small enterprises.

Additionally, the Emergency Loan Instrument for immediate response was approved. This instrument aims at providing funding to address disasters that cause loss of life and damage to health, economic infrastructure, and the environment.

The debate over the increase of the Bank's authorized capital progressed and gained the support of the Board of Directors. However, the final approval will have to wait until the new Argentine authorities are able to contribute to the process at the next meeting of the Board to be held in January 2024.

The following representatives attended the meeting: Antonio Mullisaca Diaz, who acted as Chairman of the body, for Bolivia; Leandro Gorgal and Natalia Avendaño, for Argentina; João Luís Rossi and Leonardo Lima Chagas, for Brazil; Oscar Pérez López and Francisco Ogura (virtually), for Paraguay; and Fernando Luis Scelza and Valérie Stahl, for Uruguay. The Executive President of FONPLATA, Luciana Botafogo, attended accompanied by the Bank's senior management.

11/24/2023