The Central Bank of Bolivia (BCB), in the document ‘Preview of Balance of Payments Figures and Investment Position 2021’ shared recently, reports that, as an effect of the measures adopted by the national Government, foreign investors regained confidence and the country generated a net income of $594 million, reversing the negative figure of $us 1,129 million registered in 2020.
According to the issuing entity, the flows of Foreign Direct Investment (FDI) received by companies with foreign shareholding totaled US$1,048 million in 2021 in gross terms, showing a significant improvement compared to 2020, when it reached $165 million.
By economic activity, gross FDI was oriented to sectors such as the manufacturing industry ($382 million), mining ($296 million), hydrocarbons ($186 million), wholesale and retail trade ($75 million). and financial intermediation ($68 million), which globally represent 96.1%, showed a significant improvement compared to 2020.
By country of origin, these inflows came mainly from Sweden, Peru, Spain, the Netherlands and Switzerland, which represent 79.9% of the total. The significant recovery of gross FDI from Sweden ($286 million) stands out thanks to the reinvestment of profits from companies in the mining and manufacturing industry, which in 2020 registered a negative flow. Likewise, higher levels of FDI are observed for the rest of the countries from which these resources come.
The BCB document states that FDI complements national private investment and public investment, finances projects of economic interest, facilitates access to international technology and contributes to the training of human resources and job creation.
It also details that the current account -expresses the transactions carried out by the country with the rest of the world- rrecorded a surplus of US$815 million equivalent to 2.0% of GDPwhile exports and family remittances received experienced a significant improvement.
At the Summit for Economic and Productive Reactivation, the business fabric of the country raised a investment law, the application of new sustainable economic models and the reform of the Tax Code, so that this rule “no longer favors smugglers.”
“We are looking for a new investment law to bring not only national investments, but also foreign ones, because we believe that there must be an adequate business climate and also important legal certainty”, said the president of the National Chamber of Commerce (CNC), Rolando Kempff, on the occasion of said business event.
The Central Bank of Bolivia (BCB), in the document ‘Preview of Balance of Payments Figures and Investment Position 2021’ shared recently, reports that, as an effect of the measures adopted by the national Government, foreign investors regained confidence and the country generated a net income of $594 million, reversing the negative figure of $us 1,129 million registered in 2020.
According to the issuing entity, the flows of Foreign Direct Investment (FDI) received by companies with foreign shareholding totaled US$1,048 million in 2021 in gross terms, showing a significant improvement compared to 2020, when it reached $165 million.
By economic activity, gross FDI was oriented to sectors such as the manufacturing industry ($382 million), mining ($296 million), hydrocarbons ($186 million), wholesale and retail trade ($75 million). and financial intermediation ($68 million), which globally represent 96.1%, showed a significant improvement compared to 2020.
By country of origin, these inflows came mainly from Sweden, Peru, Spain, the Netherlands and Switzerland, which represent 79.9% of the total. The significant recovery of gross FDI from Sweden ($286 million) stands out thanks to the reinvestment of profits from companies in the mining and manufacturing industry, which in 2020 registered a negative flow. Likewise, higher levels of FDI are observed for the rest of the countries from which these resources come.
The BCB document states that FDI complements national private investment and public investment, finances projects of economic interest, facilitates access to international technology and contributes to the training of human resources and job creation.
It also details that the current account -expresses the transactions carried out by the country with the rest of the world- rrecorded a surplus of US$815 million equivalent to 2.0% of GDPwhile exports and family remittances received experienced a significant improvement.
At the Summit for Economic and Productive Reactivation, the business fabric of the country raised a investment law, the application of new sustainable economic models and the reform of the Tax Code, so that this rule “no longer favors smugglers.”
“We are looking for a new investment law to bring not only national investments, but also foreign ones, because we believe that there must be an adequate business climate and also important legal certainty”, said the president of the National Chamber of Commerce (CNC), Rolando Kempff, on the occasion of said business event.
;
