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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 interm༺ediation 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 and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.﷽
Albeit challeng🤪ing for all nations, the COVIDಞ-19 pandemic has been more of a driving force for the infrastructure sector in many Latin American countries than a restraining factor. In most Latin American countries, infrastructure ...
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At the end of 2018, Latin America and the Caribbean accounted for 19.2% of the world’s crude oil reserves and for 4.3% of natural gas, making the region among the prom⛎inent players in the global oil and natural gas industry. However, a lack of ...
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