Arab Today, arab today foreign investment in latin america falls 16 in 2014
Last Updated : GMT 00:56:28
Arab Today, arab today
Arab Today, arab today

Foreign investment in Latin America falls 16% in 2014

Arab Today, arab today

Arab Today, arab today Foreign investment in Latin America falls 16% in 2014

United Nations, Alicia Barcena (L)
Santiago - AFP

Foreign direct investment in Latin America and the Caribbean fell 16 percent in 2014, reversing a decade-long growth trend as the region's economies slowed, a UN panel said Wednesday.

Foreign investment in the region fell to $158.8 billion last year from a record $190 billion in 2013, said the Economic Commission for Latin America and the Caribbean.

It was the first drop since 2009 and a sharp reversal in a trend that saw foreign investment expand rapidly over the course of a decade, from $46.9 billion in 2003.

"Inflows were affected by the region's economic deceleration and lower prices for its raw material exports," the commission said in a report.

It predicted another decline in foreign investment in 2015.

Latin America's economies, which boomed in the 2000s, are feeling the pinch of falling commodities prices.

ECLAC's executive secretary Alicia Barcena urged Latin American policymakers to use the slowdown as an opportunity to diversify away from the raw materials the region's economies rely heavily on.

"Policies should not be oriented towards recovering the amounts of foreign direct investment achieved in the last decade, but rather towards attracting the FDI that contributes to productive diversification," she told a press conference.

"This means articulating FDI with industrial policies and national development strategies based on equality and environmental sustainability."

Brazil attracted the most foreign investment, $62.5 billion -- two percent less than 2013.

Mexico was next with $22.8 billion, but that was a 49-percent drop from 2013.

ECLAC said Mexico's sharp decline was due to an unusually large deal made in 2013 -- Belgium-based Anheuser-Busch InBev's purchase of the Modelo brewery for $13.2 billion -- and the disinvestment of US telecoms giant AT&T in 2014, which totalled $5.6 billion.

Chile attracted $22 billion in foreign investment last year, Colombia $16.1 billion and Peru $7.6 billion.

The biggest decline in foreign investment was in Venezuela, where it fell 88 percent, to $320 million.

The South American oil giant has been hit hard by falling crude prices, a deep recession and soaring inflation.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign investment in latin america falls 16 in 2014 Arab Today, arab today foreign investment in latin america falls 16 in 2014

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday