FONPLATA - Banco Multilateral de Desarrollo

Description:

The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been automatically translated. 

We are a Development Bank that works for the integration of Argentina, Bolivia, Brazil, Paraguay and Uruguay to achieve a harmonious, inclusive and sustainable development. Our objective is to favor the insertion of our member countries in Latin America and the world by financing studies, projects, programs, assistance and technical advice.
In the last five years, we have approved loans totaling USD 2.3 billion, of which 41% benefits more than one member country and 55% benefits rural or border areas. Most of our projects are developed in small and medium-sized cities.
Our international credit rating is A2 by Moody's and A by Standard & Poor's. We made three issues in the Swiss capital market and one in the Japanese. Likewise, we obtained several bilateral credit lines with multilateral organizations and investors, which allows us to access financing and provide it under competitive conditions.
In 2018, we consolidated ourselves as a development bank and established new rules that allow the incorporation of new member countries and generate partnerships with other organizations. As a consequence, we have already established relationships with development banks with relevant participation in Latin America and the world, such as AFD, BEI, IDB, CAF, China LAC-Fund, ICO, KfW, LAIF and NDB.
Since the end of 2019 we have been the trustee of the MERCOSUR Convergence Structural Fund (FOCEM) and, since 2020, we have financed operations for the public sector without requiring a sovereign guarantee.
We have lines of credit for economic reactivation and green financing. In 2022 we became one of the leading multilateral banks in Latin America with a Sustainable Debt Framework aligned with the International Capital Markets Association (ICMA), showing our firm commitment to environmental issues, aligned with the UN 2030 Agenda and the Paris Agreement.