Arab Today, arab today foreign investment in latin america falls 16 in 2014
Last Updated : GMT 21:09:51
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.

 

arabstoday
arabstoday

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

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 France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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