The Central America and Dominican Republic region (CARD) attracted a total of US$8,118.3 in Foreign Direct Investment (FDI) as of September 2022, and among the main recipient countries of these resources are the Dominican Republic, Costa Rica and Nicaragua, which together captured 86.3% of investment (including intraregional).
The information comes from the database of the Secmca (Secretariat of the Central American Monetary Council), in the agency’s quarterly balance of payments report for June-September 2022 published on the 16th of January.
In the Dominican Republic, direct investment flows totaled US$3,190.0 million, that is US$779.1 million (32.3%) more than January-September 2021, due mainly to investments in the energy, communications, commercial and tourism sectors, says the report.
While Costa Rica received US$ 2,240.1 million for direct investment in 2022, US$ 361.1 million equivalent to a lower amount compared to what was captured in the same period of the previous year.
In Costa Rica, investments predominate in medical equipment manufacture and high-tech companies.
Imports
The report emphasizes that imports of goods in the CARD region registered an increase of 28.6%, equivalent to US$18,121.0 million, behavior that is attributed to greater domestic demand, and the increase in the prices of raw materials, especially petroleum derivatives.
“All countries in the region showed growth of more than 24%, but the countries most affecting regional performance were the Dominican Republic, Guatemala and El Salvador.”
CARD Region
The CARD region includes Costa Rica, El Salvador, Honduras, Guatemala and the Dominican Republic.
What is Secmca?
The Secretariat of the Central American Monetary Council issues quarterly reports.
Source:
Listín Diario