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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.
Turkey has a well-rounded and impressive infrastructure sector, thanks mainly to years of government focus, with big chunks of the national budget being allocated to its transport and energy networks. It has one of the world’s busiest ...
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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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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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Renewables are the second largest source of electricity in the Philippines. They contributed to a fifth of the country’s power generation in 2020, after coal, and ahead of natural gas and oil. The share of renewables is set to further ...
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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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