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Foreign direct investment in the Caribbean declines in first half of 2014

Foreign direct investment in the Caribbean declines in first half of 2014

Posted by Shanelle Weir on October 25, 2014

The Economic Commission for Latin America and the Caribbean (ECLAC) says foreign direct investment (FDI) inflows into 13 Latin American and Caribbean countries decreased by 23 per cent during the first half of 2014 .

On a global level, however, ECLAC said FDI flows are forecast to grow 10 per cent during 2014, mainly due to investments received by developed countries.

The data unveiled corresponds to an update that ECLAC does every year to the main figures in the report “Foreign Direct Investment in Latin America and the Caribbean, “which was last published in May.

The report says the absence of big corporate acquisitions during the first half of 2014, compared with the same period last year, is one of the factors contributing to the decline in FDI towards the region.

Another important element for various countries is the deceleration seen in mining investments due to lower prices for metals, the report says.

Meanwhile, the outward foreign direct investment from Latin America and the Caribbean, which had decreased in 2013,” grew notably during the first half of 2014,” according to the report.

“With the exception of Mexico, where outward investment flows dropped 18%, all the countries with important ‘translatina’ companies saw their outward FDI rise,” the report says.

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