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    Latin America had Record Foreign Investment in 2012

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    Latin America and the Caribbean received a record number of direct foreign investments in 2012, according to a report by the Economic Commission for Latin America and the Caribbean (ECLAC) of the United Nations.

    The foreign direct investment (FDI) in 2012 totaled $ 173.361 billion USD, 6.7% more than in 2011, “despite the external context marked reduction of these global flows,” the ECLAC.

    In a report released Tuesday by the regional agency in Santiago de Chile, ECLAC points out that these figures can be explained “by the sustained economic growth of the region, high commodity prices and high investment returns associated with exploitation of natural resources. “

    Moreover, ECLAC expected FDI in the region in 2013 will be at a range of between a fall of 3% and an increase of 7%.

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