Outperforming the majority of its regional peers, Colombia has experienced steady economic growth in the past decade registering GDP growth averaging over 4%, a rate set to continue in 2013.
Financial Services
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Fresh legislation has paved the way for a major shift in Myanmar’s financial sector, spearheaded by the separation of the central bank from the Ministry of Finance and Revenue.
Economic update | Nigeria's stock market surges
11 Aug 2013
Capital markets in Nigeria have been growing at a rapid clip over the past year, with the country’s advantages as an investment destination attracting foreign cash, and reforms improving the bourse’s competitiveness. However, the exchange remains vulnerable to exogenous changes, and boosting liquidity would help this promising market mature.
An overhaul of Malaysia’s Islamic finance regulations is expected to increase take-up of sharia-compliant insurance (takaful) products, although the new rules could encourage smaller operators to join forces with more established rivals.
Following moves by Ghana’s regulator to improve capital requirements across the financial industry, with hikes in recent years for universal banks and non-bank financial institutions, the microfinance sector is now slated for an increase, prompted in part by a spate of recent lender failures that led some savers to withdraw their holdings.
New regulations introduced by the Qatar Central Bank (QCB) in mid-June will curb local banks’ investment options, potentially making sovereign bonds more appealing at the expense of some private sector options. The move is taking place as the government prepares to set its infrastructure development programme into overdrive.