The U.N. Conference on Trade and Development released its World Investment Report, ranking Colombia fourth for Foreign Direct Investment in South America behind Argentina, Chile, and Brazil.
The report says that the PDI inflows in Colombia increased 17% in 2008, while they increased 37% in Argentina, 33% in Chile, and 30% in Brazil.
On the other hand, in the first semester of 2009 global FDI inflows fell 44%, while in Colombia they fell only 9% in the same period.
‘Colombia has had an outstanding performance’, said the Colombian minister of Foreign Trade, Luis Guillermo Plata, who also stated that the UNCTAD’s report is ‘very good because it shows the global trends and how Colombia is doing in this respect. Although we will fall 9% this year, compared to last year, in which we registered US$ 10,6 billion, we must understand that the global FDI is falling at a greater rate because Colombia is more a attractive (PDI) destination.’
