Foreign investment reaches US$4.68 billion in the first two months of 2023
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- According to the analysis conducted by InvestChile, this amounts to a 46% increase compared to the same period in 2022.
Chile’s Central Bank reported that foreign direct investment (FDI) inflows reached US$4.68 billion to February 2023, an increase of 46% compared to the first two months of last year. According to an analysis conducted by InvestChile, foreign investment in the first two months of 2023 was 10% higher than the historical average over the last five-year period (US$4.26 billion).
In February, FDI inflows to Chile reached US$3.00 billion, considerably above the average monthly FDI inflows of US$1.83 billion over the last 12 months. According to InvestChile, although FDI inflows to February 2023 fall within the expected range, as this figure only covers the first two months of the year, it can’t be used as an indicator to forecast FDI inflows in the coming months.
Reinvested profits accounted for most of the FDI inflows to February 2023, reaching US$2.98 billion, followed by share capital (US$1.10 billion), and debt instruments (US$595 million).
FDI inflows remain strong
The fact that foreign direct investment has continued to grow at the start of this year following strong results in 2022 is good news, noted Chile’s Minister of Economy, Nicolás Grau. He added that the government is working intensively to attract more foreign investment to the country given the challenging economic scenario this year.
“The Government has implemented several measures to increase investment, including deploying investment attachés in five offices around the world, in addition to the existing investment attaché in Tokyo, to promote Chile as an investment destination in strategic countries. We are also working on intense agendas to promote specific sectors, such as green hydrogen and, shortly, lithium”, explained Grau.
InvestChile Director, Karla Flores, highlighted that foreign investment inflows remain healthy. “The figure to February is positive and within a relevant range. In any case, it is important to remember that foreign investment flows are highly dynamic, so it is difficult to make forecasts, especially in the current scenario of decreasing FDI flows worldwide due to the global economic situation. That said, we see a positive trend in Chile, sustained by our country’s ongoing ability to attract foreign capital. This is, undoubtedly, the good news that motivates us to continue our efforts”, said Flores.
Source: Invest Chile
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