Brazil on track for $60 bn in foreign investment

September 24th, 2011 - 5:59 pm ICT by IANS  

Brasilia, Sep 24 (IANS/EFE) The Brazilian economy will net $60 billion in new foreign direct investment this year, the country’s central bank said.

As of Aug 31, FDI in the goods and services sectors totaled $44.08 billion, compared with $17.15 billion at the same point last year and $48.44 billion for all of 2010, the bank said Friday.

The central bank’s projections are consistent with those of a report released Wednesday by the Brazilian government’s Institute of Applied Economic Research, which said Latin America’s biggest economy remains very attractive to foreign investors.

Brazil ranked fifth in the world last year as a destination for FDI, trailing only the US, China, Hong Kong and Belgium, and is likely to maintain that position in 2011, the institute said.

–IANS/EFE
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