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LatinNews Daily - 28 October 2020
In brief: Report shows pandemic impact on FDI to Central America & Caribbean
* A new report by United Nations Conference on Trade and Development (Unctad) has revealed that foreign direct investment (FDI) inflows to Central America in the first half of 2020 were “flat” compared with the same period in 2019, at US$23bn. However, the Unctad report notes that FDI to the Caribbean fell by 27% over the same period to US$1.4bn, “significantly hit by reduced investment in the tourism industry”. It singles out the Dominican Republic where flows fell by 20% as investments in the mining, telecom, and power industries contracted sharply.
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