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Latin America Investment News on Viva Tropical

Panama Remains Attractive to Foreign Investors

Article Summary:

Foreign Investment in Panama increased by 19.7% in the first nine months of last year. Approximately 33%, or U.S. $ 678 million, was seen as an increase of capital in local banks by investors residing outside of Panama.

Photo Credit: America Economi

Original Article Text From America Economia via Google Translate :

Foreign Investment in Panama Increased 19.7% to September 2011

Foreign Direct Investment (FDI) that arrived in Panama in the first nine months of last year, recorded, compared to the same period in 2010, an increase of U.S. $ 338.6 million. Thus amounted to U.S. $ 2,057.5 million.

Figures published by the Comptroller General outlined that 49% of these flows, or about U.S. $ 1,008.1 million, reinvested earnings accounted for.

33%, approximately U.S. $ 678.9 million, an increase of capital in local banks by investors resident in the rest of the world, and the remaining 18%, ie U.S. $ 370.3 million under “other capital “reports the newspaper Panama America.

Experts say the economic growth achieved and the good prospects for this year make Panama an attractive country for investors.

Jose Pacheco, vice minister of Foreign Trade, said that based on these results, for this year continue to promote the country as a logistics platform in order to attract more Asian and European companies.

But experts say the country’s economy should not depend 100% foreign investment, since it responds to their headquarters in other countries and Panama.

Link to Original Article:

From America Economia

Latin America Investment News on Viva Tropical