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FDI in Latin America and Caribbean up 13.2 percent in 2018

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Christian Fernsby ▼ | August 16, 2019
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Foreign Direct Investment (FDI) in Latin America and the Caribbean increased13.2 percent year on year in 2018, totaling 184.287 billion U.S. dollars and putting an end to five years of declines, a UN agency said.

Topics: Latin America Caribbean FDI

These findings were delineated in "Foreign Direct Investment in Latin America and the Caribbean 2019," a report presentedthe UN Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile.

"In an international context of a reduction in FDI flows and strong competition for investments, national policies should not be oriented towards returning to the amounts recorded at the start of the decade, but rather towards attracting ever more FDI," the organization's Executive Secretary Alicia Barcena said during the presentation.

The study shows great heterogeneity in national results. Investment inflows increased in 16 countries compared to 2017, whereas in 15 other countries, they declined.

"Most of the growth in FDI in 2018 is due to greater investment in Brazil (88.319 billion dollars, 48 percent of the regional total) and Mexico (36.871 billion dollars, 20 percent of the total)," the document stated.

The two countries are followedArgentina with 11.873 billion dollars, up3.1 percent; Colombia with 11.352 billion U.S. dollars, down18 percent; Panama with 6.578 billion dollars, up36.3 percent, and Peru, with 6.488 billion dollars, a 5.4 percent decline.

Additionally, the ECLAC report specifies that FDI outflows from Latin American transnational companies declined in 2018 for a fourth straight year, totaling 37.870 billion dollars.

According to the report, the majority of the capital that entered the region came from Europe and the United States.

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