(MENAFN) A UN panel said that foreign direct investment into Latin America and the Caribbean dropped 16 percent in 2014, revising a growth trend which lasted for over a decade, AFP reported.
According to the Economic Commission for Latin America and the Caribbean, foreign direct investment in the region declined to USD158.8 billion last year from a record of USD190 billion in 2013.
The dip marked the first since 2009 and a sharp reversal in a trend that saw foreign direct investment accelerating rapidly through a decade from USD46.9 billion in 2003.
"Inflows were affected by the region's economic deceleration and lower prices for its raw material exports," the commission said, predicting further decline in 2015 foreign investment.
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