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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, pensiꦍon funds, health and welfarꦯe funds, monetary authorities, stock exchanges, and collection and credit agencies.
Although mining has taken place in Ecuador since precolonial times, the sect♉or has never been a pillar of the economy, mainly due to an unfavourable go🐟vernment policy that has discouraged investments. In 2017, mining contributed to just 0.5% of the ...
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The agriculture sector is of paramount importance to the Ecuadorian economy. In 2017, it accounted💜 for 9.3% of the country’s GDP, 43.8% of national exports, 26.1% of formal employment and 20.3% of to🍃tal FDI flow. The sector was also one of the ...
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Ecuador is a major p🔯layer in the oil and gas sector in Latin America. A member of the Organisation of Petroleum Exporting Countries (OPEC), in 2017 Ecuador had the third-largest proven oil reserves in the region and was its sixth-biggest oil producer ...
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Latin America is well integrated in th𓄧e global automotive supply chain, being an important manufacturing and export hub for motor vehicles – the legacy of active government policies for the development of domestic production and comprehensive ...
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Latin America and the Caribbean &𝓡ndash; 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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Ecuador is a major player in the oil and gas sectoꦛr in Latin America. A member of the Organisation of Petroleum Exporting Countries (OPEC), Ecuador had the fourth-largest proven oil reserves in the region and was its sixth-biggest crude oil producer ...
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