Foreign direct investment (FDI) in Latin America and the Caribbean reached the figure of 224,579 million dollars in 2022, which represents a growth of 55.2 % compared to the previous year and the highest record in the historical series.

As explained by the Economic Commission for Latin America and the Caribbean (Cepal) in a recent report, the result is largely explained by the performance offered by various economies in the region, especially Brazil.

Likewise, growth in investment was also observed in areas such as the service sector. The growth of this investment has, in turn, caused its weight in the Gross Domestic Product (GDP) of the region to grow to 4% of the total.

Of course, the United Nations economic body also points out that the dynamics of last year is “congruent” with the post-pandemic recovery, so it is “not clear” that these records will remain at similar levels in 2023.

The executive secretary of ECLAC, José Manuel Salazar-Xirinachs, highlighted the data for 2022 during the presentation of the report, but has stressed the importance of ensuring that the “challenge” is not only to attract and retain this foreign investment, but to maximize the contribution of this to the development of countries.

“For this, countries must pay attention to post-establishment productive development policies,” explained the senior United Nations official, in detail that these policies refer, among other points, to the promotion of value chains, the development of human resources, infrastructure and logistics, and building local capacities.

K. Tovar

Source: Descifrado

(Reference image source: Anne Nygård, Unsplash)

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This Monday, the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, has launched a proposal for the benefit of economic recovery in Latin American and Caribbean countries, based on environmentally sustainable bases and where equality prevails.

In this regard, Bárcena urged nations to work in new internal and international political coalitions where cooperations contribute in an unprecedented way in order to sustain a satisfactory change for the benefit of the population’s lifestyle.

The senior official intervened as a special guest at the XXII Forum of Ministers of the Environment of Latin America and the Caribbean, where she assured: “The scientific community has constantly warned us about the seriousness of the environmental issue. We have exceeded critical planetary thresholds exceeding the capacity to load of the natural base that sustains us.”

Ecosystem in decline

At the event organized by the Government of Barbados, the executive stated that “47 % of natural ecosystems are deteriorated, 25 % of species are in danger of extinction and, perhaps the most worrying thing, is the destruction of the ecological integrity of key systems that puts the diet of the future at risk.”

According to the multiple impacts generated by the pandemic on a global scale, Bárcena reaffirmed his commitment to comply with the call of the UN Secretary General, António Guterres, that financing be an option for adaptation which is increased by 20 % to 50 %. 

K. Villarroel

Source: Finanzasdigital

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