Following project delays caused by a high-profile corruption scandal at Brazil’s construction giant Odebrecht, which rippled across Latin America, the construction sector is at last refinding its financial footing. After nine consecutive months in negative territory, credit to the sector posted 0.56% year-on-year growth in March 2018, to PEN4....
Despite the deceleration of the Peruvian economy in 2017, driven in large part by the simultaneous impacts of the El Niño climate cycle and the corruption scandal at Brazilian construction giant Odebrecht, the banking sector has remained stable. According to international credit ratings agency Moody’s, at the close of 2017 the sector was...
Will 2018 mark an inflexion point in the Trinbagonian economy, and what major developments are expected?
The Peruvian insurance sector has experienced its fair share of volatility in recent years. After registering gross premium growth of 17.8% and 24.3% in 2014 and 2015, respectively, 2016 saw the industry contract by around 3.5%, according to a report issued by BMI Research. The sector’s poor performance was due mainly to a reduction in investment across the economy, damage caused by the El...
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