James Sumo
James Sumo James hails from the East Coast of Japan, where he attended school up until college. He moved to the US shortly after and joined the quite life of living in the Pacific North West.

Foreign Investment in Chile Exceeds US 10 Billion in the First Half

Foreign Investment in Chile Exceeds US 10 Billion in the First Half

InvestChile, the Foreign Investment Promotion Agency, said that Chile received US$10.6 billion in foreign direct investment (FDI) between January and June this year, according to Central Bank figures. This figure is 23% above the five-year average of US$8.7 billion. The flow during the first half-year was 14% down on that registered for the same period of 2021, when FDI totaled US$12.4 billion. InvestChile explained that this decrease is due to the high base of comparison that was triggered by an unusual inflow into Chile of US$5.8 billion in February 2021 due to specific acquisition operations. Specifically in June, flows reached US$1.04 billion, a figure that is in line with the 12-month average of US$1.12 billion. The most important component of FDI flow during the period was profit reinvestment, recorded at US$4.3 billion. Shares in equity capital totaled US$3.4 billion and debt instruments were recorded at US$2.9 billion. Dynamic foreign investment Economy, Development and Tourism Minister Nicolás Grau highlighted that the figures show that foreign investment in Chile remains dynamic. “Considering the complex global economic situation, foreign companies are continuing to choose Chile within Latin America to set up and grow their projects in the medium- and long-term. Therefore, as a government we are working on public-private investment and coordination with the goal of retaining the confidence that international companies have in our country,” said Grau.  Meanwhile, InvestChile director Karla Flores emphasized that “at the agency we are continuing to work to attract investors whose projects will generate a positive impact on our population - with more and better jobs, increased technology and opportunities for professional training and development - and contribute towards Chile’s sustainability. In our day-to-day work at the agency we see that foreign companies continue to be interested in investing in Chile and that is a good sign, above all in the complex global scenario that we are currently seeing,” said Flores. To learn more about the latest trends and opportunities for foreign investors in Chile, subscribe to our Investment Review newsletter here. PRESS CONTACT: For further information, please contact Denisse Vásquez, PR Executive at InvestChile, at [email protected] Source: InvestChile