One of the more difficult challenges the mining sector faces is the incorporation of informal operations into the formal sector and the elimination of illegal operations. Differentiating between the two can be a challenge in itself. Illegal and informal mining activities are reckoned to account for 9044 mines out of a total of nearly 15,000,...
If it were not for its history of crime and security issues, Colombia would likely be at the top of regional ease-of-doing-business rankings. Reforms implemented over the past 15 years have created an open environment conducive to an expanding private sector. One of the mechanisms for stimulating this expansion has been the implementation of a...
The country has long been a small, relatively closed economy with a small banking sector. But recently, Colombia has been opening up to the world, particularly by signing multiple free trade agreements. As well, its banking sector is in good health, having escaped relatively unscathed from the worst effects of the global financial crisis. While...
THE COMPANY: Cementos Argos is a cement and ready mix concrete producer company. The firm has operations in several Latin American markets and also has a presence in North America. In Colombia, the company is the industry leader with a 50% market share. It is the fifth-largest cement producer in Latin...
In recent years rising oil prices and global warming have driven the development of alternative fuel sources as nations look to secure their energy futures while reducing carbon footprints. While Colombia is a serial user of “clean”, renewable energy through its reliance on hydroelectricity, it is also a growing producer of biofuels such as ethanol...
The financial regulatory framework in Colombia enjoys a solid reputation, both domestically and among international ratings agencies. In recent years, the insurance sector’s growth has been accompanied by the implementation of improved capital and solvency provisions, the strengthening of the industry’s leverage ratios and efforts to meet...
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