Caribbean & Central America - June 2015 (ISSN 1741-4458)

FDI up: According to the latest report by the United Nations Economic Commission for Latin America and the Caribbean (Eclac), foreign direct investment (FDI) in Nicaragua reached US$840m in 2014 up from US$816m in 2013. The report, which was released on 27 May, notes that a “project that could have a significant impact on future FDI inflows is the Nicaragua Canal”. The Eclac report notes that “one of the largest investments in 2014 was the rapid expansion of Xinwei Telecom of China, which was awarded six licences to provide different services in the country, leading to expected investments of US$ 300 million”. The report also highlights the fact that, as “announced in 2013, Canada’s B2Gold is continuing to explore new mining options in order to expand its existing operations, which represents a continuous investment by the company”.

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