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Peru FDI Grows

Peru boosts foreign direct investments as all other top recipients worldwide see declines.

BY CHRONICLE STAFF

Peru was the only major Latin American economy to boost investments from foreign companies last year, according to a new report from the United Nations Conference on Trade and Development.

FDI to Peru jumped 28.1 percent to $6.2 billion last year. That was the only increase among the top six FDI recipients in Latin America and the only growth among 19 developing countries UNCTAD released data on.

Total FDI to Latin America reached $85.5 billion last year, a decline of 40.7 percent. That was worse than the global fall of 38.7 percent.

Brazil, the top FDI recipient in Latin America, saw a decline of 49.5 percent to $22.8 billion. That was worse than Mexico, the second-largest destination for FDI in the region, which posted a decline in FDI of 40.8 percent to $13 billion.

That means that Chile barely trailed Mexico. Its FDI reached $12.9 billion last year, a 23 percent fall from 2008.

Colombia ended up with $8.6 billion, a decrease of 18.6 percent, while Argentina's FDI fell 5.1 percent to $5.1 billion.

 © Copyright Latin Business Chronicle


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