Browsing Tag

Latin America

Bank of Argentina raises interest rates again

The board of directors of the Central Bank of the Argentine Republic raised the yield of the Liquidity Letters (Leliq) to 28 days, the reference rate in the country for the price of money, by 200 basic points, from 47 % to 49 %, as reported in a statement. This is the fifth rate hike that the…
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IMF and Colombia agree on a new credit

The Executive Board of the International Monetary Fund (IMF) approved a new two-year agreement in favor of Colombia within the framework of the Flexible Credit Line (LCF) for an approximate amount of 9,800 million dollars, as reported in a…

Fintech industry increases its presence in Latin America

The number of fintech platforms in Latin America and the Caribbean doubled in the last three years to reach 2,482 in 2021, which represents almost a quarter of these companies worldwide, with 22.6 %, according to the latest study published…
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Colombian economy will grow 6 % in 2022

International organizations such as the World Bank and the International Monetary Fund published their estimates of economic growth for Latin American countries, where Colombia stands out with growth in the order of between 4 % and 6 % by…

BM estimates growth in Latin America at 2.3%

The World Bank lowered the estimate for GDP growth in Latin America and the Caribbean for this year by about 0.4 points, to 2.3%, as a result of higher inflationary pressures derived from the war between Russia and Ukraine. In a new…
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Neo banks and fintech attract the young population

A study carried out by Backbase, a banking platform, and Americas Market Intelligence (AMI), revealed that 75 % of young people between 18 and 21 years old consider that neo-banks and fintech offer more attractive services for the young…

Latin America joins the campaign to denounce crypto scams

Authorities in Argentina, Chile, and Colombia have recently joined Spain and other countries in leading the "FakeCoin" campaign, which seeks to raise awareness of cryptocurrency scams. This group of Latin countries, along with some members…
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Panama will host the Blockchain Summit LatAm 2022

Panama was recently selected as the venue for the Blockchain Summit LatAm 2022, to be held between July 6 and 8. Through an official statement they stated that the objective of the inclusion of the Panamanian country is to turn it into a…