Caribbean received billions in foreign direct investment in 2013, says ECLAC

The Economic Commission for Latin America and the Caribbean (ECLAC) says the region saw a record US$185 billion in foreign direct investment (FDI) last year.



In nominal terms, this is five per cent more than in previous year.



In a new report, ECLAC says while global FDI flows climbed 11 per cent last year from the previous year, Latin American and Caribbean’s participation in the world’s total stayed at 13 per cent.



The report said that FDI in the region has grown steadily since 2003, with the exception of 2006 and 2009.



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