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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 assoc🐟iated 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 and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Latin America and the Caribbean – one of the most endowed regions in natural resources on🔯 a global scale, has prominent positions in the oil and gas industry. In 2015, the region held about 20% and 4.2% of world’s proven reserves of oil ...
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Agriculture is one of the mainও pillars of the Colombian economy, accounting for 6.2% of the country’s GDP, 14.4% of national exports, 1.1% of total FDI inflow and 16.8% of the overall employment in 2015. Between 2010 and 2015, the gross value ...
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Colombia’s banking sector, comprising commercial banks, financial corporations, financing companies♐ and financial cooperatives, has proved resilient to the economic slowdown the country has suffered since 2014. Despite the challenges faced by ...
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Colombia’s oil and gas sector was among the main drivers of domestic economy over the period 2010-2014, with💛 its value added expanding at a CAGR of 6.8%, well above the country’s average annual GDP growth of 5% over the same period. ...
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The transportation sector has emerged as one of the driving forces of the Colombian economy, expanding its value added at a CAGR of 4.2% over 201🦹0-2015, and reaching a share of 4% of the country’s GDP in 2015, up from 3.9% in 2010. In the ...
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The value added of Colombia’s food and beverage sector expanded at a CAGR of 2.5% over the period 2010-2015, supported mainly by rising household income and th💃e expanding product portfolio of local producers. The sector was among the major ...
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