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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 ꦫand 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* is betting big on renewab🌞le energy. Between 2015 and 2020, the region’s renewable energy (RE) capacity expanded by a cumulative 33% (65 GW) to reach 261 GW in the final year of that period, according to data provided by 𓆉...
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Albeit challenging for all nations, the COVID-19 pandemic has been more of a ꦡdriving force for the infrastructure sector in many Latin American countries thaಞn a restraining factor. In most Latin American countries, infrastructure ...
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In line with global trends, Colombia has been seeking to make its ecoꦦnomy greener by developing its renewable energy resources. The country has made great stri💟des in this direction, as more than two thirds of its electricity is from ...
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Mexico has one of the most developed transport and energy infrastructure systems in Latin America. This is related to its key geographic location, bordering the US, the large😼 size and trade openness of its economy, and the high level of ...
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The construction sector was finally showing signs of recovery in 2019, after registering contracting GVA since 2014, when the Car Wash Operation investigations started. The COVID-19 🍨pandemic, which halted economic activity globally, ...
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The metal processing sector in Brazil is largely dominated by steel and primary aluminium production, which constitute the two lea🍒ding export products. In 2020, the country was the ninth largest producer, the seventh largest net ...
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In the Latin American context, Colombia lags in developing its roꦡad and railway infrastructure due to a prolonged period of underinvestment and relatively low participation of the private sector. But the country’s port and ...
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