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LatinNews Daily - 26 August 2020

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In brief: Foreign investment levels remain low in Brazil

* Brazil’s central bank (BCB) has released the latest figures for the balance of payments in the external sector, according to which foreign direct investment (FDI) to Brazil totalled US$2.7bn in July, down from US$5.3bn in July 2019. Over the period January-July 2020, FDI totalled US$25.5bn, down around 30% on the US$36.5bn received in January-July 2019, and the lowest FDI figure for this period since 2009. FDI to Brazil was “quite affected by the effects of the [coronavirus] pandemic” and the uncertainty it caused, said Fernando Rocha, head of the BCB’s statistics department, noting that FDI flows were essentially interrupted in April. In the 12 months to July 2020, FDI totalled US$62.6bn, down from US$69.2bn in the 12 months to June, and equivalent to 3.9% of GDP.