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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.
In 2020, Colombia’s agriculture, livestock, forestry, hunting and fisheries sector increased its share in overall GDP to 7.6%, from 6.4% in 2019. Between 2015 and 2020, the sector’s GVA rose at a CAGR of 3.2% in real terms. ...
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The banking sector was in the spotlight in 2020. To avoid a more profound collapse in economic activity due to the 2020 COVID-19 crisis, the Brazilian government issued several emergency measures that increased liquidity, while the central bank ...
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India’s pharmaceuticals and healthcare sector has a global reputation. India accounts for approximately 20% of the worldwide market share of generic drugs, making it the leading exporter, particularly to the developing world. India is ...
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According to figures from Colombia’s statistics office, DANE, the country’s ICT sector was responsible for 2.9% of Colombia’s GDP, amounting to COP 28.98tn in 2020, as well as 2.2% of its imports and 1.2% of its exports in ...
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India has the second-largest ICT sector in the world in terms of number of subscribers, overcome only by China. However, India presents low penetration rates at global level. On the bright side, there is potential for further growth in the industry. ...
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In 2021, Colombia’s financial sector recovered from the shock of the COVID-19 pandemic. During 2020, financial entities had to increase their provisioning expenses, which affected their profitability, and there was a decline in their loan ...
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In the context of Latin America, Chile is not a particularly large pharmaceutical and healthcare market as its population is relatively small and healthy in terms of incidence of communicable diseases. However, the country’s changing ...
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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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Steel sector is both the backbone of Indian economy as well as a growth promising sector. The growth of the sector is well supported by the availability of raw material such as iron ore and cost effective labour in the country. The government has ...
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The COVID-19 pandemic underlined the inefficiencies of the Brazilian pharmaceutical and healthcare sector. In drug manufacturing, many pharmaceutical companies took a hit in profitability. They struggled to meet demand as global supply chains were ...
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