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LatinNews Daily - 05 November
In brief: Panama’s FDI up 11% in the first half of 2019
* Panama’s national statistics institute (Inec) has released new figures which show foreign direct investment (FDI) to Panama was up 11% in the first half of 2019 to reach US$3.24bn. According to the Inec, the increase was influenced by “new investment projects in mining and quarrying activities, wholesale and retail sales, storage, and transport”. In August 2019 the United Nations Economic Commission for Latin America & the Caribbean (Eclac) released its latest report on FDI to the region which showed that Panama continues to attract the most FDI in Central America. According to Eclac, ever since topping US$1bn in 2004, FDI inflows to Panama have been on an upward trend, with just four year-on-year decreases (in 2007, 2009, 2012, and 2017) since then. In 2018, inflows were up by 36.3% for a total of US$6.58bn making the country the fifth-largest FDI recipient in Latin America and the Caribbean.
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