Mexico maintains tenth place of attractive countries for foreign investment: UNCTAD

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Mexico remained in the 10th place on the list of the 20 economies that most attract Foreign Direct Investment (FDI), reported to the United Nations Conference on Trade and Development (UNCTAD, for its acronym in English).

With 32 billion dollars of investments, Mexico became the second most attractive country in Latin America, after Brazil, registering investment announcements such as Huawei’s 4.5 billion dollars, which will open a data center in the cloud.

In the World Investment Report 2022, the Conference said that in 2021 foreign investment flows recovered to pre-pandemic levels.

This is due to the fact that last year the figure of one trillion 582 billion dollars was reached, an amount 64% higher than that seen in 2020, which was related to the execution of cross-border international projects.


Developed economies received $746 billion of the total foreign capital raised, while developing economies received $837 billion. The regions or blocks that received the most capital are Asia, with 619 billion dollars; North America, 427 billion; Europe, 219 billion; Latin America and the Caribbean, with 135 billion, and Africa, with 83 billion dollars.

However, green energy investment projects are still fragile, especially in developing countries.

The country that attracted the most investment was the United States, with 367 billion dollars; in second place is China, with 181 billion dollars, and in third place is Hong Kong, with 141 billion dollars.

In fourth place is Singapore, with 99 billion dollars, followed by Canada, with 60 billion; Brazil, 50 billion; India, 45 billion; South Africa, 41 billion; the Russian Federation, 38 billion, and Mexico, with 32 billion.

Germany, Israel, the United Kingdom, Sweden, Belgium, Australia, Poland, Japan, the United Arab Emirates and Indonesia are also on the list of the 20 most attractive economies.

UNCTAD said the war between Russia and Ukraine dramatically changed the global investment landscape, because it occurred in the midst of the pandemic, causing a cost-of-living crisis and affecting billions of people around the world. who face rising food and energy prices.

Due to the global economic slowdown, fragile growth in productive investment is expected to continue in 2022.

“There is a significant risk that the timing for international investment recovery is still premature, damaging efforts to boost financing for sustainable development,” UNCTAD said.

Source:

Mexico Daily Post