ECLAC will present updated figures on foreign direct investment in Latin America and the Caribbean and proposals to increase it

The Economic Commission for Latin America and the Caribbean (ECLAC) will launch on Thursday, August 1, at 11:00 a.m. Chile time (UTC/GMT-4), its annual report Foreign Direct Investment in Latin America and the Caribbean 2024, which offers a complete overview of the evolution of these flows at the global, regional and national levels. This year, the publication also sets out a series of guidelines to increase this type of investment at the national and subnational levels, as well as to increase its impact on productive transformation.

The main conclusions of the document will be announced by José Manuel Salazar-Xirinachs, Executive Secretary of ECLAC, in a hybrid press conference (in person and online) held from the headquarters of the United Nations regional organization in Santiago, Chile.

As is traditional, the first chapter of the study details the amounts of foreign direct investment (FDI) received by each country and subregion in 2023, and examines the main trends observed in relation to these flows. It also addresses the behavior of Latin American transnational companies, known as translatinas.

The second chapter analyses the policies for attracting foreign direct investment implemented in Latin America and the Caribbean and other regions of the world, and proposes 17 guidelines for increasing this investment and its positive effects on economies, considering that FDI is called upon to play a leading role in the productive development policies of Latin American and Caribbean countries.

Finally, the third chapter examines the trends, determinants, policies and guidelines of foreign direct investment at the subnational level, based on case studies from the region. It includes various recommendations to maximize the benefits derived from this source of resources in the different territories within the countries of Latin America and the Caribbean.

Journalists are invited to attend the ECLAC headquarters in Santiago, Chile to participate in the press conference in person.

Those interested in following the launch virtually can register at the following link on the Zoom platform: https://cepal-org.zoom.us/webinar/register/WN_HZ1_jSMpRKKXUcFIYozbIA#/registration

Once registered, you will receive an automatic email with instructions on how to connect starting at 11:00 local time. Accredited journalists will be able to send their questions in writing during the event via the Zoom chat. They may also send their questions in advance to the email address [email protected], which will be answered by the Executive Secretary of ECLAC live once the presentation of the document has concluded. Questions will only be accepted until 11:30 local time.

The press conference will also be broadcast live on the institution’s website www.cepal.org, by https://live.cepal.org/ and in the institutional accounts in X (https://x.com/cepal_onu) and Facebook (https://www.facebook.com/cepal.onu).

The full electronic version of ECLAC’s new annual report, along with a press release and the Executive Secretary’s presentation, will be available on ECLAC’s website as soon as the press conference is over.

That: Launch of ECLAC’s annual report (flagship): Foreign Direct Investment in Latin America and the Caribbean 2024.

Who: José Manuel Salazar-Xirinachs, Executive Secretary of ECLAC.

When: Thursday, August 1, 2024, 11:00 a.m. Chile time (UTC/GMT-04:00 hours).

Where: ECLAC main headquarters in Santiago de Chile (Av. Dag Hammarsköld 3477, Vitacura). Raúl Prebisch Room.

Virtual connection through the Zoom platform (prior registration required): https://cepal-org.zoom.us/webinar/register/WN_HZ1_jSMpRKKXUcFIYozbIA#/registration

Also through the ECLAC website, at https://live.cepal.org/ and in the institutional accounts in X and Facebook.