Weekly Report - 19 April 2012 (WR-12-15)

COLOMBIA | FDI continues to surge. According to Colombia’s central bank in the first quarter of the year the country received US$4.2bn in foreign direct investment (FDI), a 30% year-on-year increase. FDI in Colombia has been growing at an astounding pace in the last couple of years. Last year the country received US$13.24bn in FDI, a 92% increase on 2010. This as the country’s mining and hydrocarbons sectors have been attracting a lot of international interest. The central bank points out that some 72% of all the FDI that has come in so far this year has been destined for the oil and mining sectors, the driving forces in the Colombian economy.

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