Latin America and the Caribbean received the record figure of almost US$106 billion in foreign direct investment (FDI) in 2007, due to regional economic growth and sustained global demand for natural resources.
This is the highest volume of FDI in the region since 1999, when investment totaled US$89 billion and was strongly linked to privatizations. These are some of the conclusions of the report Foreign Investment in Latin America and the Caribbean, 2007, launched today by José Luis Machinea, Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC).
Within the context of a global FDI increase, the rise in FDI in Latin America and the Caribbean in 2006-2007 reached 46%. Among developing regions, FDI in Latin America and the Caribbean registered the highest increase (an average 17% rise in developing countries and 43% in economies in transition).
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