On September 30, 2020, Standard & Poor’s kept the A- rating of FONPLATA making a positive outlook. This is a sign of the Bank's financial soundness and ability to meet the credit needs of its member countries in the current volatile and challenging environment. In recent report, the credit reporting...
Juan E. Notaro FONPLATA Executive President Actions taken to overcome the negative economic effects of the COVID-19 should avoid the return to commodity dependence The governments of Latin America maintain their action to slowdown the spread of the COVID-19 in the region. While health-care...
The Inter-American Development Bank (IDB), CAF – development bank of Latin America –, and FONPLATA – Development Bank – announced the launching of their Alliance for the Integration and Development of Latin America and the Caribbean (ILAT) to provide technical and financial support to integration...
Juan E. Notaro FONPLATA Executive President The challenge is to assure that the sacrifices we have made so far pay off. I review Latin-American newspapers and the news of these first days of June paint a gloomy picture. The region has become the global epicenter of the pandemic and the economic...
In times when joint efforts are needed to contain the effects of the COVID-19, FONPLATA received US$130 million from the reserves of the Central Bank of Uruguay (BCU) to support the development bank's response to the impact of the coronavirus. Recently, FONPLATA set up a COVID-19 Emergency Line to...