Brazil & Southern Cone - September 2020

CHILE| Strong FDI performance. InvestChile, the government agency responsible for promoting Chile on the global market, announced on 8 September that foreign direct investment (FDI) to the country grew 14% in January-July 2020, compared with the same period in 2019. Citing figures from Chile’s central bank (BCCh), InvestChile noted that Chile received US$9.97bn in FDI in the first seven months of the year, 44% above the average of the past five years for this period. FDI inflows in July totalled US$425m. Juan Araya, InvestChile’s acting director, stressed the importance of these strong FDI flows to Chile considering the global economic crisis resulting from the coronavirus (Covid-19) pandemic. “We need foreign investment in Chile to remain healthy, for more overseas companies to implement their projects in our country and, in this way, form part of the economic reactivation and job creation that Chile needs”, he said. 

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