Sustainable infrastructure, Fonplata's commitment to climate change

Collaborating in a culture change, financing sustainable infrastructure and being alert to disasters that may occur are three of the maximums that the Financial Fund for the Development of the Countries of the Silver Basin (Fonplata) to fight against change climate.

This is stated during an interview with Efe, the executive president of this multilateral organization made up of Argentina, Bolivia, Brazil, Paraguay and Uruguay, Juan Enrique Notaro Fraga, days before the celebration of the I Integration and Development Forum, which will take place in Montevideo .

In this, a group of experts from the public and private sector can talk about the needs of the region and hold bilateral meetings in the Uruguayan capital on March 5 and 6.


Improving people's quality of life is essential for this multilateral institution.

To this end, according to Notaro account, Fonplata carries out different jobs in countries where small and medium-sized projects are committed, especially in vulnerable urban areas, rural areas and border regions to boost integration between nations or between regions within from the same country.

Some of this can be seen in Brazil, where this fund and the Development Bank of Minas Gerais carry out a program of financing municipalities that substantially improved sanitation, lighting, roads and recreation spaces.

"They are one of the things that people value most, because they change their lives a lot about what it is like to live daily, have a place where they can take their children and enjoy," says the executive president.

Another example of this can be seen in Bolivia, where the construction of small bridges served to bring the city to "extremely isolated" locations that improved their winter marketing and gained access to health and education.

On the other hand, Notaro also talks about climate change and stresses that there is "one of the biggest challenges" in the world, so this issue is present in all the projects that Fonplata and the countries talk about.

"Recently, the director of the United Nations for refugees mentioned that in the coming years, millions of people are expected to be displaced due to climate change issues, it is a global phenomenon that will affect us all," he explains.


With the firm interest of organizing an important economic forum in the southern region, Fonplata is now and with the different electoral processes experienced by Argentina, Bolivia and Uruguay an "excellent opportunity" for the ministers of the countries to carry out a debate "on the needs of the region".

"The advantage is to give a space for new governments to have an opportunity to raise what their platforms are," says Notaro, who also highlights the good opportunity for country authorities to meet with investors bilaterally.

The First Integration and Development Forum will bring together at the beginning of March the public and private sector, representatives of the development bank, international organizations, investors and development funders.

Among the guests will be Ernesto Talvi, chancellor of Uruguay since March 1; Beningno López, Minister of Finance of Paraguay; Martín Rama, chief economist for Latin America and the Caribbean of the World Bank; and Gustavo Béliz, secretary of Strategic Affairs of Argentina.

Philippe Orliange, regional representative of the French Development Agency, and Rebeca Grynspan, Ibero-American Secretary General will also attend.


When asked about the agreement between the European Union and Mercosur, Notaro does not hesitate to state that it is "highly beneficial".

"It seems to us that it is a really important agreement for all our countries and it was a really substantive advance to get to sign what was signed in the past months," he subscribes.

According to this, the executive president of Fonplata says that with the changes of governments that took place, Mercosur must talk again to "have a common position or at least confirm the willingness to move forward together."

Finally, he speaks about Argentina's particular situation and reveals his concern that this country, which is conducting a negotiation for the restructuring of its debt, can find a solution to a problem that can have "a huge impact".

"We are concerned in the case of Argentina that it may have a negotiation and an agreed exit with creditors and other institutions, because I believe that this contributes to the stability and certainty of what the regional macroeconomic context is," concludes Notaro.

Santiago Carbone


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