Costa Rica: Foreign Investment Would Fall 30%

In 2009, Foreign Direct Investment would fall 30% when compared with 2007, when a record $2.02 billion were received.

Thursday, September 17, 2009

This was stated by Commerce Minister Marco Vinicio Ruiz, who added that the amount for 2008 was 7% higher than 2007.

Website Univisión published further comments by Ruiz: "The reduction for 2009 will be close to 30%. It won't affect manufacturing companies, but real estate and tourism".

More on this topic

Foreign Investment in El Salvador Still Falling

December 2010

FDI fell from $ 1.508 million in 2007 to $ 72 million in 2010. Businessmen claim the cause is the lack of confidence and certainty in current government economic policy.

2007: $ 1508 million, 2008: $ 784 million 2009: $ 431 million, 2010: $ 72 million. There should be a special consideration with the 2007 FDI numbers since they were affected by exceptional events such as the sale of banks to multinational banking corporations.

FDI Drops 30% in Nicaragua

December 2009

In 2009, Foreign Direct Investment will drop 30% in Nicaragua, according to preliminary data.

The country received $600 worth of FDI in 2008 (60% more than in 2007), and expects to close 2009 with $450 million.

"Despite this year's results in foreign investment, Alvaro Baltodano, presidential investments delegate, is optimistic for 2010.

FDI down in Central America and Caribbean

September 2009

The manufacturing sector as a whole saw a decline in FDI due to a sharp drop in flows to Central America and the Caribbean.

In Central America and the Caribbean (other than financial centres), the decline in FDI inflows was largely due to a 20% fall in flows to Mexico, which mainly resulted from a halving of inflows to the manufacturing sector (CNIE, 2009).

Foreign investment falls 62% in El Salvador

December 2008

During the last 15 years, foreign investment rose only with the sale of banks and privatizations.

In 2007 $494.8 million entered the country compared to the $189.9 this year.

The reason for the drastic reduction in FDI is simple. In 2007 the sale of Salvadoran banks were completed, causing the investments to increase disproportionately compared to investments in 2006.

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