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LatinNews Daily - 05 July 2019

In brief: El Salvador

* El Salvador’s central bank (BCR) has released new figures which show that in the first quarter of 2019 foreign direct investment (FDI) to El Salvador reached US$177.3m, with a majority of investment going towards El Salvador’s industry, transport, and financial services. Although this is significantly lower than the 2018 first quarter total (US$404.1m), last year seems to be an outlier in El Salvador’s overall FDI trends. Additionally, the BCR also noted that the Q1 2019 saw US$253.8m sent out to foreign shareholders, a 125.6% increase from the amount paid in the same period in 2018, which perhaps explains the drop in net FDI. Disregarding the 2018 totals, El Salvador’s Q1 2019 FDI totals represent a steady upward trend over the past six years. The biggest investors in El Salvador this term were Panama, investing US$132m, and Spain, investing US$81.6m.