Foreign investment does not know of a crisis: in the first seven months of the year it increases 14% and is close to US $ 10 billion

The Covid-19 pandemic remains the main problem globally and in Chile it has not been the exception. However, foreign investment does not seem to know about a crisis and is close to the figure of US $ 10 billion.

According to the InvestChile report, with provisional figures from the Central Bank, the flow of foreign direct investment (FDI) that Chile received between January and July of this year reached US $ 9,972 million.

The amount implies a growth of 14% compared to the same period in 2019, when it reached US $ 8,744 million, a 44% increase compared to the average of the last five years and a 27% increase compared to the average of the historical series since the homogeneous figures (2003-2020).

Juan Araya, director (s) of InvestChile affirmed that “we need foreign investment in Chile to remain healthy, that more foreign companies carry out their projects in our country and thus form part of the economic reactivation and job creation that Chile needs to recover from the negative effect that the pandemic has had on the economy. Foreign companies are an important source of employment and it is important to recover the jobs that were lost as a result of Covid-19 ”.

The agency detailed that the most important component of the flow of FDI in the first seven months of the year were equity holdings with a record of US $ 5,047 million (+ 7.9%), followed by debt instruments with US $ 2,482 million (+ 139.7%) and reinvested earnings with US $ 2,443 million (-32.7%).

Finally, Araya stated that “we are working so that the impact of the pandemic on FDI flows entering Chile is as low as possible. For this, it is vital that foreign investors maintain confidence in our country to carry out their projects, which is what we have seen reflected so far in the figures and in our daily work with companies ”.