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Mainstreaming diaspora for development with capacity building and expert deployment

Expert log-in

MIF and Visión Banco Partnership

Paraguay

Latin America

The Remittances and Savings Program of the Multilateral Investment Fund (MIF), member of the Inter- American Development Bank, and Visión Banco signed a project agreement to reduce the vulnerability of remittance clients in Paraguay and improve their livelihoods by promoting savings at a formal financial institution. This project was also financed by Australian Aid, which supports projects within the MIF’s Remittances and Savings Program. The initiative aims to directly benefit 27,750 Paraguayan remittance recipients residing in Paraguay and remittance senders in two migrant communities in Spain.