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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 and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
Albeit challenging for all nations, the COVID-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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The transportation sector in Latin America still faces the challenges of most developing countries: inadequate infrastructure; informality; lack of diversity and limited availability of intermodal services. According to the World Economic ...
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As of the end of 2019, Latin America and the Caribbean accounted for 19.0% of the world’s crude oil reserves and 4.1% of natural gas reserves, turning the region into a prominent player in the global oil and natural gas industry ...
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Agriculture plays a major socio-economic role in Ecuador, accounting for 9.2% of the country’s GDP and 28.3% of formal employment in 2018. During the year, it was also one of the driving forces of the economy, as its GVA expanded by 3.2% y/y, ...
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In the past two decades, Latin America has embraced a universal health strategy, based on the principles of equity, solidarity and collective action. This strategy required steadily growing public expenditure on health in order to guarantee universal ...
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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 prominent players in the global oil and natural gas industry. However, a lack of ...
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Due to the combination of its rich, unexplored mineral resources and active government measures to enhance the regulatory framework, Ecuador is on track to become the fastest-growing mining destination in Latin America. Growing investor appetite for ...
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In 2018, Latin America consolidated its position as one of the largest and fastest-growing manufacturing and export hubs for motor vehicles. Amidst the sharp downturn of both production and sales of motor vehicles in Europe, Asia and Oceania, Latin ...
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The year 2019 was a challenging one for the global automotive industry, which reported a 5.2% y/y decrease in motor vehicle output, ending ten years of continuous growth. On the one hand, key markets reached maximum automobile ...
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