The Development Bank will extend a loan to Corporación Vial del Uruguay (CVU – Road Corporation of Uruguay), a corporation whose capital is held by Corporación Nacional para el Desarrollo (CND – National Corporation for Development). It has been a public works concessionaire in Uruguay since 2001...
The Development Bank will finance the “National Emergency Program for Employment Generation”, which aims at contributing to the post-pandemic economic recovery by promoting temporary employment of vulnerable population by means of small-scale urban and rural infrastructure projects. The total...
FONPLATA – Development Bank will fund the program “Enhancement of Hotel N° 3, of the Chapadmalal Tourist Unit, and Hotel N° 5, of the Embalse Tourist Unit”, located in the provinces of Buenos Aires and Córdoba, respectively. The objective is to enable the access of different groups of the society...
On Monday, November 1, FONPLATA issued bonds for CHF 150 million (equivalent to USD 164 million) with a 7 year-term and a 0.795% coupon rate. This is the bank's second issuance in 2021 in the Swiss capital market and it stands out for the favorable conditions, both maturity date and coupon rate. The...
Juan E. Notaro Executive President of FONPLATA – Development Bank An old joke that is frequently recycled in the Latin American political environment is that of the ruler addressing his people and stating: “Yesterday we were on the edge of the abyss. Today we have taken a step forward!”...