SANTIAGO, Chile, Aug 2, CMC – Latin America and the Caribbean recorded a second consecutive year of declines in the flow of global foreign direct investment (FDI) receiving US$184.304 billion dollars last year, according to a new report issued by the Economic Commissioner for Latin America and the Caribbean (ECLAC).
It said that the 2023 figure is 9.9 per cent below what was recorded in 2022, but still above the average notched in the last decade.
ECLAC said to promote FDI’s positive effects on the region’s economies, the new report proposes a series of guidelines for formulating and strengthening policies to attract investment and for building territorial strategies integrated into productive development policies.
ECLAC said that the weight of FDI inflows as a share of the region’s GDP also declined in 2023, it represented 2.8 per cent.
(Details in Business section)
CMC/2024