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FONPLATA will finance USD 120 M to improve the social infrastructure of the Provinces

Santa Cruz de la Sierra, May 15, 2019. Within the framework of the 164th FONPLATA Board of Directors Meeting held in Santa Cruz de la Sierra, a USD 120-million loan for Argentina was approved. The loan will be aimed at the Regional Infrastructure Federal Program to improve the social infrastructure of Argentine provinces. With this Program, buildings will be integrated into the urban center and hospitals will be constructed or improved.

The approved operation, resulting from the joint work of the Under-secretariat of International Financial Relations of the Ministry of Treasury and representatives from the multilateral organization, is part of a program to increase the current funding of the Regional Infrastructure Federal Trust Fund with financing of FONPLATA, CAF and IDB for a total amount of USD 1 billion. This way, works in Chaco, Corrientes, Mendoza, La Rioja and the City of Buenos will be financed.