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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.
The region of Latin America and the Caribbean has always been a prominent player in the global oil and natural gas industry, accounting for 19% of the world’s crude oil reserves and for 4.3% of natural gas reserves as of end2020. Its relative ...
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Latin America plays a minor role in the global metal processing sector, mainly due to the relatively low penetration of heavy industries in the region and the sluggish economic performance of the region’s economies ever since the end of the ...
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In 2020, Chile sustained its position as the world’s leading copper mine producer, with a 27.8% share in global output; the second biggest molybdenum miner, with a 20.6% share; and the fourth largest producer of silver, with a 6.4% share. The ...
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Latin America* is betting big on renewable 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 ...
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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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Thanks to a stable regulatory framework and supportive business environment, Chile possesses one of the most developed transport and energy infrastructure networks in Latin America. The country has a well-developed road and port infrastructure in ...
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Renewable energy is an important part of Chile’s electric power generation mix. About 46% of the overall electricity produced in 2020 was renewables-based. The non-hydro power generation took a 20% share. Chile has installed 13.7 GW ...
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Chile is a relatively small economy, having the fifth largest GDP in Latin America in 2020. However, its retail sector is well developed, mature and sophisticated, and in many aspects on a par with those of developed countries. In 2020, the ...
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Latin America is a leading player in the global agriculture value chain, with the countries in the region ranking among the top ten global producers and exporters across various product groups such as cereals, oilseeds, coffee, fruits, meat ...
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