The only way to stop the pandemic and revitalize the economy is together
Juan E. Notaro FONPLATA Executive President As governments in the region start taking action to get the economy back on track, the size of the challenges we shall face in the coming months becomes more visible. Latin America will have to face economic standstill due to quarantine and lockdown...
First funding granted by FONPLATA to non-sovereign public sector, the Brazilian BDMG
FONPLATA granted an 8-year US$36-million revolving line of credit to the Development Bank of Minas Gerais – BDMG, Brazil, which will be used to fund projects initiated by the municipalities of the State of Minas Gerais. This operation with BDMG (Banco de Desenvolvimento de Minas Gerais) is the first...
FONPLATA grants additional funding to Argentina to address the COVID-19 pandemic
The Development Bank approved new disbursement of more than one million US dollars for the purchase of appropriate protective material (face masks, hand sanitizer, coveralls, disposable gloves, sanitary masks, among others) to help strengthen the services needed to guarantee hygiene in Argentine...
FONPLATA receives US$130-million funding
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...
Uruguay will receive US$15 million from FONPLATA to assist micro and small enterprises affected by the COVID-19
The Development Bank approved a US$ 15 million loan aimed at alleviating the transitory impacts of the health emergency on micro and small enterprises in Uruguay. The fund will be executed by the National Development Agency (ANDE) and seeks to support the most vulnerable entrepreneurs in Uruguay's...