Santiago Peña announced in New York a US$200 million investment by J.P. Morgan Natural Capital and Grupo Robinson to develop Paraguay’s forestry sector. Disbursement is expected to begin in the first quarter of 2027, and the initial phase is expected to cover about 20,000 hectares for sustainable timber production.
The announcement followed a working meeting at J.P. Morgan’s headquarters during the Paraguayan president’s schedule for the 81st United Nations General Assembly. The visit also included the presentation of the Paraguay Investment Forum NYC 2026. Peña said the partnership would bring technical expertise, innovation and international experience, as well as capital, to Paraguay’s private sector.
The project envisages producing high-quality timber and carbon credits. Once the plantations reach maturity, the intention is to process the timber in Paraguay and export higher-value-added products. The proposal also mentions restoring native forest cover, but one source described this component without independent confirmation from the others.
The government presents the initiative as aligned with Paraguay 2X, a plan aimed at doubling the economy through investment, production, employment and value addition. The official expectation is to expand economic activity and job opportunities in the country’s interior. The carbon-credit proposal was announced with plans for independent verification and consensus among local communities.
J.P. Morgan Natural Capital is J.P. Morgan Asset Management’s global investment-management division specializing in timberland and nature-based assets. Following the acquisition of Campbell Global in 2021, the platform was relaunched and renamed in September 2026. It has more than 40 years of experience, US$11 billion in assets under management and more than 600,000 hectares across three continents. Grupo Robinson will be the project’s local partner.