During the 208th meeting of FONPLATA’s Executive Board of Directors, held on April 29, the Bank advanced its non-sovereign risk management strategy by approving two new loans to Brazil.

The operations, totaling USD 85 million, will be directed to the Banco de Desenvolvimento de Minas Gerais (BDMG) and the Santa Catarina State Development Agency (BADESC). Both aim to strengthen subnational development by channeling resources toward productive investment, infrastructure, and support for the business sector.

The USD 55 million loan to BADESC will finance productive projects, municipal infrastructure, and the strengthening of micro, small, and medium-sized enterprises. The operation prioritizes municipalities with up to 100,000 inhabitants, helping revitalize local economies and expand access to financing for the private sector.

Meanwhile, the USD 30 million loan to BDMG will support the financing needs of municipalities in the state of Minas Gerais, including public works, the acquisition of goods, and the provision of municipal services. The operation seeks to reinforce local investment capacity and advance urban infrastructure development.

Together, these transactions reflect FONPLATA’s determination in consolidating its non-sovereign portfolio and its commitment to expanding the impact of its financing at the regional level—strengthening subnational actors and the private sector as key drivers of economic and social development.

04/30/2026