Last Monday, October 28, the Economic Commission for Latin America and the Caribbean (ECLAC) participated in the Meeting of Investment Promotion Agencies (APIs) of South America and the G20. The event was organized by the Brazilian Export and Investment Promotion Agency (ApexBrasil) and the World Association of Investment Promotion Agencies. This event took place within the framework of the seventh Brazilian Investment Forum, organized by ApexBrasil itself and the Inter-American Development Bank (IDB).
Throughout the Meeting, key topics were addressed such as the promotion of sustainable investments and the challenges of attracting infrastructure projects, highlighting the strategic importance of the region in the global economy.
In this context, Stephania Mageste, Associate Economic Affairs Officer of ECLAC, presented the main conclusions of the last Foreign Direct Investment report (FDI) from ECLACwhich offers an overview of FDI in Latin America and the Caribbean and highlights the role of Investment Promotion Agencies (APIs) as key instruments to attract investments.
Mageste focused his presentation on the strategic role that agencies play in the region. Underlining the importance of these institutions for the implementation of policies to attract foreign investments aligned with productive development policies both at the national and local level. However, he pointed out that there is evident heterogeneity in the structures and approaches of APIs throughout the territory.
Participation in the Meeting reaffirms ECLAC’s will to work with the institutions of the countries of the region and support them in the development of policies to attract investments to
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