By Juan E. Notaro FONPLATA Executive President As the Bulgarian economist, Kristalina Georgieva took office as new IMF Managing Director, replacing the French Christine Lagarde, bad news regarding the world economy was announced: the economy of the whole world is slowing down. How serious is the...
FONPLATA achievements led Moody's to confirm in November 22th 2019 the rating of A2 with stable outlook. The rating agency highlighted the bank`s “strong and growing balance sheet” as well as its asset management strategy that “limits liquidity risks”. Stands out also the continuous member countries...
The achievements that have been reached by FONPLATA, allowed Standard and Poor’s risk evaluators confirmed to last 25th of September a ranking of A- credit risk for FONPLATA (long-term) and A2 ( for the short term) and maintains it with a positive perspective. The strengthening of multiple aspects...
LIBOR used to be known, somewhat hyperbolically, as “the most important figure in the world”. In fact, the rate still determines the interest rate in the performance of different types of global financial operations representing more than $360 trillion US dollars. The “London Interbank Offered Rate”...
I am fortunate to have been the head of FONPLATA in one of the most important stages in the history of this Institution. Not so long ago, this Institution was a financial fund, and in just a few years, we have turned it into a modern and dynamic regional development bank already at the same level as...