June 22, 2022
The United Nations Conference on Trade and Development (UNCTAD) says investment flows to the Region reached US$134 billion last year, up from US$88 billion in 2020.
According to UNCTAD’s World Investment Report 2022, foreign direct investment (FDI) in Latin America and the Caribbean rebounded from the pandemic-induced slump, growing by 56% and FDI flows to the region had plunged by 45% in 2020, the sharpest decline recorded in developing regions that year.
It said the rebound in 2021 was propelled by a record number of 317 greenfield projects announced in the information and communications technologies sector across the region, a 61% jump compared with 2020.
According to the report, all major recipient countries saw FDI rise as investment began flowing back into mining and energy sectors, adding that FDI to the Caribbean increased by 39% to US$3.8 billion.
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