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FONPLATA will Finance USD 150 million for Productive and Social Development of the Argentine Provinces

The resources will be allocated to infrastructure works in Chaco, Mendoza, La Rioja, Corrientes and the City of Buenos Aires and to control Chagas disease in Argentina


The Minister of Treasury, Hernán Lacunza, and the President of the Financial Fund for the Development of the River Plate Basin (FONPLATA), Juan Notaro, signed this afternoon a loan agreement for USD 120 million that will be used to improve the economic and social infrastructure of The Argentine provinces.

These funds will allow the development of works to improve the road traffic and will finance the construction and expansion of hospital centers. In this way, the project aims to consolidate a harmonious and inclusive development through the financing of labor-intensive projects that promote regional integration.

The Program is part of the capital increase project of the Federal Trust Fund for Regional Infrastructure (FFFIR, for its acronym in Spanish), structured with resources from FONPLATA, the Latin America Development Bank (CAF) and the Inter-American Development Bank (IDB), amounting to USD 1 billion.

Likewise, the parties celebrated the recent subscription of the USD 30 million financing for the second stage of the Trypanosoma Cruzi Transmission Disruption and Chagas Disease Control in Argentina project. Its objective is to consolidate the achievements made in the first stage and contribute to the reduction of morbidity and mortality due to Chagas. The project is part of the national strategy of Universal Health Coverage (CUS, for its acronym in Spanish), and will positively impact on the population of the 19 jurisdictions with historical presence of the vector through access to comprehensive health and disease prevention services.

The operations are the result of the joint work of the Under-secretariat of International Financial Relations, in charge of Martín Soto, and FONPLATA officials who, with the technical support of their teams, structured the financing.

FONPLATA’s mission is to support the integration of its member countries to achieve a harmonious and inclusive development, contributing to reduce socio-economic inequalities, with the aim of achieving a better insertion in the region and in the global market