Consumer Lending in Colombia - New Report Available
After failing to reach the expected GDP growth in 2012, the government rapidly reduced the reference APR and, shortly after this, launched an anti-cyclical economy stimulus program called Plan de Impulso a la Productividad y el Empleo (PIPE - Impulse Plan for Prosperity and Employment). PIPE include a series of economy-spurring measures, including an attractive package intended to stimulate demand for new dwellings through interest rate reductions via subsidies, a formula successfully proven in...
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