Browsing Tag

Latin America

CAF will strengthen carbon markets in Latin America

The Latin American Development Bank (CAF) will strengthen the carbon markets of its member countries and will articulate the competitiveness of the supply of carbon credits, with the aim of reducing greenhouse gas emissions, mobilizing financial resources to face to global warming and respond…
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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…
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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…