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Colombia - Review of the capital market (English)

The economic structure of Colombia has been changing during the last decades. Industries have been developed and with growing industrialization the organization of a capital market has become more complex. The oldest financial institutions in Colombia are the commercial banks, some of which have operated nearly one hundred years and enjoy a good reputation. One very important feature characterizes the whole picture of the capital market in Colombia, namely the small amount of savings accumulated at financial institutions. This small annual increase in transferable savings is one of the main causes of the lack of medium and long-term credits and explains why no market for government bonds has been developed. Colombia possesses the potential of developing a balanced capital market. There are a n-umber of well-working financial institutions and corporate securities have become a popular medium of investment. With proper action taken on all sides it should be possible to increase the annual accumulation of transferable savings and to develop a market for public securities, which has been missing until recently. Colombia certainly has the potential to develop a balanced capital market. This report reviews the progress of the Columbia's capital market during 1959 and 1960.


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    Pre-2003 Economic or Sector Report

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    Latin America & Caribbean,

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    Colombia - Review of the capital market

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Colombia - Review of the capital market (English). Technical assistance series,no. TA 10 Washington, D.C. : World Bank Group.