What are the main aims of the recent structural tax reform, and what effect is raising value-added tax (VAT) to 19% expected to have?
Colombia
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Interviews & Viewpoints | Mauricio Cárdenas, Minister of Finance and Public Credit: Interview from The Report: Colombia 2017
Interviews & Viewpoints | Luis Carlos Sarmiento Gutiérrez, CEO, Grupo Aval: Interview from The Report: Colombia 2017
Articles & Analysis | Mobile and online banking improve financial inclusion in Colombia from The Report: Colombia 2017
As in many emerging markets, deepening the banking system and boosting financial inclusion have presented challenges for the Colombian banking sector. Rapid improvements in – and the dissemination of – internet and mobile phone technology in recent years have led to increased take-up of mobile banking services. Policymakers see this channel as...
Articles & Analysis | Colombian peace deal to significantly benefit the national economy from The Report: Colombia 2017
After five decades of civil conflict between the state, FARC, the National Liberation Army (Ejército de Liberación Nacional, ELN) and other paramilitary groups, Colombia’s painstaking peace process achieved a breakthrough in 2016. Negotiations between government and FARC guerrilla representatives had been under way in Havana, Cuba, since...
Articles & Analysis | Increased lending, greater consolidation and improved regulation drive banking in Colombia from The Report: Colombia 2017
Although the Colombian economy has been affected by a slowdown in recent years, the country’s banking sector has remained resilient. The majority of the impact has been felt in the external sector, particularly due to changes in the foreign exchange rate. Meanwhile, lending growth remained relatively strong until mid-2016, when the combined...
