Saturday, October 25, 2014

México Expects $25 Billion in FDI this Year

Ildefonso Guajardo Villarreal, Secretary of Finance and Public Credit, said México maintains its goal of reaching $25 billion in foreign direct invest (FDI) this year.
In an interview with reporters he said, “We believe that at the end of this year FDI will total $25 billion.”
He noted that during the current administration’s 20 months in office FDI has reach $50 billion.
The Secretary of Finance said that businessmen, both nationally and internationally, are very confident that the country as a whole offers an attractive and friendly environment for investment.
Notwithstanding the optimism of the Secretary of Finance, the Economic Commission for Latin America and the Caribbean (ECLAC) reported that of all Latin American and Caribbean countries, México’s FDI has dropped the most.
ECLAC announced that during the first half of this year México saw $9.733 billion in FDI, down 66% from the $28.784 billion reported during the same period last year.
   (from Azteca Noticias)

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