Foreign Investment Down 14% In Latin America for 2014

expreso.ec reported the flow of Foreign Direct Investment (FDI) to Latin America fell in 2014 by 19% and amounted to 153,000 million, according to the latest study by the United Nations Conference on Trade and Development (UNCTAD).

FDI fell after four years of increases, which is mainly, according to UNCTAD, declining 26 percent in cross-border acquisitions, and a fall in FDI in extractive industry, because of the lower price of materials premiums.

“Foreign investment in Ecuador was the last year of about $ 900 million, while in Colombia it was 16,000-18,000 million. This year, the ECB does not reach 600 million. It’s less than last year. Yes is worrying, “analyzed the tax consultant Pablo Guevara in a ceremony on the economic outlook of the country, which is not mentioned in the UN report.

The vast majority of the declines occurred in Mexico, where tickets were reduced by 52%, representing $ 22,000 million, because of the huge inflows in 2013 and the divestiture of AT & T in America Movil. Read Article