Housing demand continues to fuel the real estate sector in Colombia. It is a process happening on two fronts. Firstly, government-sponsored programmes are encouraging the construction of new homes for lower-income Colombians. Meanwhile, the growth of the middle class is galvanising demand for medium-income housing across all regions of the...
In an effort to counter the negative effects of a slowdown in the mining sector, as well as lower revenues from national oil exports, Colombia is implementing a stimulus package designed to encourage economic growth in the coming years. The Plan for Productivity and Employment (Plan para la Productividad y el Empleo, PIPE 2) comes on the back...
Colombia’s construction sector remains an engine of economic development, both as a driver for employment and a significant contributor to GDP. In 2014 the sector grew by 9.9%, and accounted for over 1.4m direct jobs, according to Colombia’s National Statistics Bureau. Much is now resting on a new stimulus package launched in May 2015, the Plan for Production and Employment. The $6.2bn plan,...
What are the most significant challenges Peru faces in reaching its goal of covering 93% of its infrastructure deficit by 2021?
The construction sector has both benefitted from and sustained Peru’s macroeconomic growth, as private and public building projects together have allowed the sector to experience repeated years of expansion. Though this rhythm has seen a deceleration recently, the sector continues to be an integral part of the Peruvian economy, and will be...
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