# Caja Fiscal

Caja Fiscal is a Pension Fund based in Asuncion, Paraguay.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Asuncion, Paraguay
- **Region:** South America
- **Address:** Asuncion, Paraguay
- **Assets under management:** Undisclosed
- **Website:** www.hacienda.gov.py
- **LinkedIn:** https://linkedin.com/company/mef-paraguay

## Regulatory record

- **Reports private funds:** No

## About

Caja Fiscal was established to administer retirement benefits for Paraguay's public sector. Carlos Fernández Valdovinos directs its management and ongoing reform efforts. Santiago Peña has advanced national pension changes that directly affect the fund. The fund concentrates on Paraguayan government securities. Confirmed holdings include Certificados de Depósito de Ahorro and Bonos del Tesoro. It also channels capital through instruments issued by Agencia Financiera de Desarrollo. All activity remains inside Paraguay. Instituto de Previsión Social operates as the parallel social-security entity. No additional offices or headcount figures appear in available records. No operational events from the past 24 months are documented. Caja Fiscal maintains a direct mandate from the Ministry of Economy and Finance with no external fund commitments or co-investor structures disclosed.

## Sectors

- Fixed Income

## People

- Carlos Fernández Valdovinos — Minister of Economy and Finance
- Santiago Peña — President of Paraguay

## Questions

### Who oversees investment decisions at Caja Fiscal?

Carlos Fernández Valdovinos, Minister of Economy and Finance, directs management and reform of the fund.

### What asset classes does Caja Fiscal hold?

The fund holds Certificados de Depósito de Ahorro and Bonos del Tesoro issued in Paraguay.

### Does Caja Fiscal invest through external vehicles?

It invests in instruments issued by or through Agencia Financiera de Desarrollo.

### Where does Caja Fiscal operate?

All activity is confined to Paraguay.

### How does Caja Fiscal relate to other Paraguayan entities?

Instituto de Previsión Social serves as the other major social security body in the country.

## Related profiles

- [Caja de Burgos Fundación](https://altss.com/profile/caja-de-burgos-fundaci-n)
- [Cajamar Vida](https://altss.com/profile/cajamar-vida)

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Last updated: 2026-06-03T20:00:00.000Z

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