Analysis

An expanding middle class in Colombia drives demand and consumption
OBG
plus

Rapid economic growth in the decade leading up to 2012 saw Latin America’s middle class double in size, as more households moved out of poverty. Colombia was one of the continent’s fastest-growing economies during this period. The emergence of the region’s middle class has signalled important social progress and new investment opportunities. Consumption patterns have changed to accommodate…

Analysis

Mobile and online banking improve financial inclusion in Colombia
OBG
plus

As in many emerging markets, deepening the banking system and boosting financial inclusion have presented challenges for the Colombian banking sector. Rapid improvements in – and the dissemination of – internet and mobile phone technology in recent years have led to increased take-up of mobile banking services. Policymakers see this channel as an important mechanism to increase the share…

Analysis

Colombian peace deal to significantly benefit the national economy
OBG
plus

After five decades of civil conflict between the state, FARC, the National Liberation Army (Ejército de Liberación Nacional, ELN) and other paramilitary groups, Colombia’s painstaking peace process achieved a breakthrough in 2016. Negotiations between government and FARC guerrilla representatives had been under way in Havana, Cuba, since September 2012. PEACE AGREEMENT: On August 24, 2016…