FDI in the Caribbean rose by 40%

Foreign direct investment (FDI) in the region rose by 40.7 per cent in 2021, but did not return to pre-pandemic levels.

As a result, the United Nations' Economic Commission for Latin America and the Caribbean (ECLAC) is calling for regional countries to use FDI strategically to strengthen and develop capacities that would contribute to sustainable and inclusive development.

According to ECLAC's annual report, "Foreign Direct Investment in Latin America and the Caribbean 2022", Latin America and the Caribbean received US$142.7 billion dollars in direct investment in 2021, an estimated 40.7 per cent more than in 2020.