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Foreign Direct Investment in Latin America and the Caribbean 2003

image of Foreign Direct Investment in Latin America and the Caribbean 2003

This publication sets out and analyses the main foreign direct investment (FDI) trends in the countries of Latin America and the Caribbean. In 2003, flows of foreign direct investment (FDI) to Latin America and the Caribbean continued to shrink for the fourth year running. With this latest decline, Latin America and the Caribbean turned in the worst performance of any world region. This situation was exacerbated by the steady increase in profit remittances and in outflows of other FDI-related resources, which has diminished its impact on the balance of payments.

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Abstract

In 2003, flows of foreign direct investment (FDI) to Latin America and the Caribbean continued to shrink for the fourth year running. With this latest decline, Latin America and the Caribbean turned in the worst performance of any world region. This situation was exacerbated by the steady increase in profit remittances and in outflows of other FDI-related resources, which has diminished its impact on the balance of payments. The decrease in FDI inflows over the past few years has varied across sub-regions and countries in Latin America and the Caribbean, however. In Mexico and the Caribbean basin, inflows have diminished less, while South America has been more strongly affected. Within South America, inflows were quite stable in the Andean Community but were down sharply in MERCOSUR and particularly so in Brazil.

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