César Ferrari, Colombia's financial superintendent, spoke at the LR Economía verde más sostenible más rentable forum to highlight the need to change the country's economic growth model.
Ferrari stated that to grow at higher rates, productivity and the investment rate must increase. He showed that national savings fell from 18.6% of GDP in 2005 to 6.4% in 2025.
The superintendent noted that the savings indicator has been unstable and has lost weight in gross capital formation. With a current ICOR of 8.7, around 80% of GDP would need to be invested to achieve 10% growth.
Ferrari proposed making sustainable investments through responsible banking. He recommended that the private sector integrate nature and biodiversity criteria into risk analyses for projects.
