On December 9, Moody´s informed that it maintains FONPLATA’s credit rating in A2 with “Stable Prospects” Thus, the Credit Rating Agency recognizes the Development Bank’s creditworthiness, its high liquidity position, and the good performance of its loan portfolio. Additionally, it highlights the...
In the 19th Meeting of the Governors of the Development Bank, held on November 24, the Governor representing Paraguay, Óscar Llamosas Díaz, was elected to be the President of the Agency. The Board of Governors was held online with the participation of authorities of all FONPLATA member countries...
The Executive President of the Development Bank, Juan Notaro, took part (virtually) in the meeting carried out in Argentina between the Argentine President, Alberto Fernández, the Secretary of Strategic Affairs and Governor of FONPLATA, Gustavo Béliz, the Deputy Minister of International Financial...
FONPLATA – Development Bank has granted a USD 36 million revolving loan facility with an eight-year repayment term to the Banco Nacional de Fomento (BNF, National Development Bank), an important government agency present nationwide. The loan will be used for funding small and medium enterprises that...
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...