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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Banking & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health a🧜nd welfare funds, monetary authorities, stock exchanges, and collection and credit agencies. ꦰ
Latin America* is betting big on renewable energy. Between 2015 and 2020, the region’s renewable energy (RE) capacity expanded by a cum🐼ulative 33% (65 GW) to reach 261 GW in the final year of that period, according to data provided by ...
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Albeit challenging for all nations, the COVID-19 pandemic has been more of a driving force for the infrastructure&♓nbsp;sector in many Latin American countries than a restraining factor. In most Latin American countries,ꦿ infrastructure ...
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In line with global🔜 trends, Colombia has been se🏅eking to make its economy greener by developing its renewable energy resources. The country has made great strides in this direction, as more than two thirds of its electricity is from ...
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In the Latin American context, Colombia lags in developing its road and railway infrastructure due to a prolongedಞ period of underinvestment and relatively low participation of the private sector. But the coun💛try’s port and ...
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In 2020, COVID-19 interrupted the Colombian automotive industry’s recovery experienced in 2018 and 2019, leading to ☂poor performance in terms of output, sales, exports and imports. Despite the troubles, in 2020 Colombia kept its ...
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Colombia is the fifth largest economy in Latin America in terms of nominal GDP, and the third largest in the region by population, wiꦯth 50.9mn people as of December 2020. During 2015–2020, the wholesale, retail and repair sector .🌜..
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The food and beverage industry is one of the largest sectoౠrs in Colombia’s economy. Between 2015 and 2020, the sector’s gross value added (GVA) rose at a CAGR of 1.1% in real terms, boosted by growing 🅰domestic demand and rising ...
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