Argentina’s Foreign Investment Dropped 30% in First Half of 2011
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Foreign direct investment in Argentina fell 30 percent in the first six months of this year, while the whole of Latin America and the Caribbean received 54 percent more, the United Nations Economic Commission for Latin America said in a report on its website.
Foreign investment in Argentina fell to $2.4 billion in the first half of 2011 from $3.5 billion a year earlier, the Santiago-based commission said. Investment fell in 5 out of 18 countries in Latin America and the Caribbean, the report showed. Investment fell 31 percent in Paraguay, 18 percent in Mexico, 4 percent in Uruguay and 14 percent in Chile.