President Santiago Peña confirmed this Saturday, during the Expo & Forum Che Róga Porã 3.0 at the Asunción Port Cultural Center, that the government is negotiating a new financing package with Taiwan to prevent the housing program from stalling. The announcement comes as the initial $200 million provided by the Asian island is about to run out.
The Ambassador of Taiwan to Paraguay, Iván Yueh-Jung Lee, announced that his country will allocate another $200 million to the program. "We will continue the program with another $200 million to proceed with its financing. Very soon," stated the diplomat, highlighting the confidence in the Paraguayan government.
The Minister of Urbanism, Housing, and Habitat (MUVH), Juan Carlos Baruja, acknowledged adjustments made to the program, including the inclusion of Paraguayans living abroad who were previously unable to access the loans. He also emphasized the digitization of the system to eliminate intermediaries and political favoritism.
According to official data, Che Róga Porã has already benefited more than 6,700 families, with over 6,100 loans approved or under review, totaling more than $269 million. The program offers preferential interest rates of 6.5% and 9.9% with terms of up to 30 years.
Peña highlighted the program's growth potential, estimating that about 500,000 families currently pay rent and another 500,000 have a qualitative housing deficit. "In this government, I can guarantee that this program will not stop," stated the president, defending the initiative as a transformative public policy for the middle class.