Left Out

Left Out

Latin America is losing FDI to other markets.To achieve long-term sustained growth, Latin America needs to attract investments of a permanent nature – foreign direct investment (FDI). On this measure, the region doesn't stack up very well against its developing market peers. The Institute of International Finance (IIF), a Washington-based lobbying group for the world's largest banks, estimates that net FDI last year into Latin America's nine largest economies was $40.9 billion, down 8.5% from the 2004 level. With tepid projected economic expansion of 4% this year, the IIF forecasts that FDI to Latin America will come in almost flat at $41 billion, bringing its three-year exp

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