US EditionConcentration Spiral | Sofia Ocampo, Cristian Medina, Andrés Mojica
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Concentration Spiral | Sofia Ocampo, Cristian Medina, Andrés Mojica
The concentration of banking power has transformed Colombia’s economy and society. With financial capital controlled by a small number of major banks, competition is heavily restricted, and small and medium-sized enterprises have limited access to credit. Although large banks claim to promote financial inclusion, in practice, their dominance in the sector contributes to rising inequality. In 2024, Colombian President Gustavo Petro’s government p…
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