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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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Explore different types of political risk insurance guarantees provided to investors and lenders.

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Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Slideshow

Caja de Ahorros-Supported Housing Projects

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In July 2020, MIGA issued guarantees that will help grow the low-income housing portfolio of Caja de Ahorros (CA). CA was established by the Government of Panama in 1934 with a social mission to encourage good savings habits, offer financial education programs, and contribute to solving the country’s housing deficit by providing mortgages.

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Panamanian families that are eligible for the loans will be able to start building equity and a stronger financial future. (Photo: Caja de Ahorros)

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Newly constructed homes line a street in Panama. MIGA’s Caja de Ahorros project aims to bolster housing finance for homes like these for the country’s low- and middle-income population. (Photo: Caja de Ahorros)

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Most of the mortgages are expected to be on homes with values between US$40,000-US$80,000. (Photo: Caja de Ahorros)

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The proceeds of the MIGA-guaranteed loan facility will be used by CA for mortgages on newly constructed homes. (Photo: Caja de Ahorros)

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A recent IFC study finds that new homes can create jobs both directly from contributions through construction, and indirectly through financial services, manufacturing, and the growth of SMEs due to upstream and downstream linkages. (Photo: Caja de Ahorros)

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Economic activity in the housing sector affects savings and consumption. Each housing unit financed can be expected to make a net positive value-added impact on GDP. (Photo: Caja de Ahorros)

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Roughly 50% of CA’s loans in this segment are provided to women or women-headed households, which plays a role in reducing Panama’s gender gap in homeownership. Today, only 29% of homes in this country are owned by women or women-headed households. (Photo: Caja de Ahorros)

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