In 2023, the South American country’s high inflation is expected to surpass 100% and economic growth estimated at 0.3%.
In Latin America alone, there is an estimated $650bn annual development financing gap to meet the UN Sustainable Development Goals. Should development banks’ focus change to support increasingly high ambitions?
Headline inflation does not help in investigating how inflation impacts distinct population groups and countries differently.
Credit expansion in emerging market economies has been rising steadily for years and reached a peak in 2020.
Short- and long-term economic challenges and shifting growth paradigms are the topics of discussion for the Latam economists participating in The Banker’s roundtable.
The Baltic country’s banking sector is demonstrating resilience to external shocks.
Mushegh Tovmasyan, founder of Puerto Rico-based Zenus Bank, lays out its growth plans amid a changing fintech landscape.
The proposed overhaul of the judiciary will discourage foreign investors, critics say.
The country has developed a resilient banking sector over the years, but challenges such as falling behind in competitiveness and Gafilat’s grey-listing remain.
The banking industry in Peru is nascent but stands to benefit from planned government measures, explains Alex Contreras, minister of economy and finance.
The country’s banks have had only patchy success in increasing their loan portfolios.
Héctor Alexander, Panama’s minister of economy and finance, discusses the country’s economic outlook and its most pressing issues, such as the crisis in its pension system.
The country’s banking sector has seen an increase in its number of branches in the past few years.
While economic growth is back on track, the country needs to address the sustainability of its social security system, assure the viability of its mining sector and fix long-term challenges in its labour market.
In 2022, the country’s largest banks posted double-digit pre-tax profits.
The European Court of Justice will rule on whether Polish banks can charge interest on Swiss franc mortgages invalidated by local courts.
Fintechs have disrupted the payments sector in Latin America, with solutions targeting the low-value segment. Now the banks are trying to get back in the game and market conditions are testing fintechs’ business model.
William F Maloney, chief economist for Latin America and the Caribbean at the World Bank, discusses the agenda for growth in the region.
Lenders in the region are witnessing an increase in profitability.
The country's banks’ overall profitability should remain healthy.