Peru remains attractive to foreign direct investment (FDI) amid a turbulent year for the global economy.
A recent report by the United Nations Conference on Trade and Development (UNCTAD) revealed that global foreign direct investment (FDI) fell by 41% in the first half of 2018, to an estimated US$470 billion, from US$794 billion in the same period in 2017.
Latin America
In Latin America and the Caribbean, FDI flows decreased by 6% in the analyzed period. However, FDI flows to Peru grew 43%, after Chile (158%) and ahead of Colombia (15%).
In South America, the biggest drop of inflows was in Brazil (-22%). Global FDI flows fell 41% in the first half of 2018 to an estimated US$470 billion.
On the matter, SURA Country Manager Jorge Ramos noted Peru’s macroeconomic stability as a magnet for FDI flows, as observed in different fields, including mining.
“Peru has an enviable macroeconomic stability. I had the chance to join the inPeru delegation in New York and I noted the appetite of Peru and Chile —the latter saw an increase in investment expectations after its new president took office,” Ramos told El Peruano official gazette.
Nevertheless, he claimed, there are opportunities that are not being exploited.
“One should take advantage of good moments. We are one of the few best-placed countries around the world. Peru has the conditions to be a more attractive destination but we just don’t boost it,” he explained.
(END) DOP/CAN/RMB
Fuente: Andina