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LatinNews Daily - 27 April 2021

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In brief: FDI to Brazil remains low

* Brazil’s central bank (BCB) has released the latest figures on the external sector, which show that foreign direct investment (FDI) in the country totalled US$6.9bn in March, just under the US$7bn projected by the BCB, and down from US$7.4bn recorded in March 2020. In the 12 months to March 2021, FDI to Brazil totalled US$39.3bn, equivalent to 2.73% of GDP. This compares with US$39.8bn (2.76% of GDP) in the 12 months to February 2021, and US$68.7bn or 3.84% of GDP in the 12 months to March 2020. Fernando Rocha, head of the BCB’s statistics department, said the decrease in the 12-months FDI could be explained by the coronavirus (Covid-19) pandemic and business uncertainties.