On the back of strong economic growth and diversified distribution channels, the insurance industry in Colombia – the fifth largest in Latin America – is expected to post steady growth over the coming years. The expansion of the sector, however, is not anticipated to be as strong as previous years’ due after lower-than-expected tax returns...
Drawing on international best practice, public and private banks in Colombia have begun to develop financial products designed to promote environmental sustainability and achieve development goals. Beginning in 2016 the country has issued a series of green bonds to support environmental projects. Building on this experience, Colombia has more...
Gross venture capital (VC) investment in Latin American start-ups reached a record $780m in the first half of 2018, representing year-on-year (y-o-y) growth of 63% from $476m. The total number of VC deals was similarly up by 61.1%, from 90 to 145, according to data from the Association for Private Capital Investment in Latin America (LAVCA)....
The banking sector has already begun to show signs of improvement in line with macro economic indicators. Measures taken by the national government and the Central Bank of Colombia appear to have enabled the sector to weather the storm, and improving economic conditions should pave the way for a positive performance from the financial sector. Despite the slow evolution of equities trading,...
Since the drop in commodity prices in 2014, Colombia’s economy has been recovering and is set to expand in 2019 and 2020. In May 2018 Colombia was invited to become the 37th member of the OECD, a positive development that should increase the country’s international political and economic prominence in the coming decades. However, challenges to ensuring Colombia’s continued economic progress remain.
The period of easily raising funds from abroad seems to be coming to an end for emerging markets around the world. In the new environment of higher interest rates in the US and increased competition for capital flows, portfolio managers are becoming more selective with where they place their money.
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