El Salvador solely acquired 5 p.c of the international direct funding (FDI) from Europe that entered Central America and the Dominican Republic throughout 2010 and 2021, signifies a report from the Inter-American Development Bank (IDB).
The doc “Trends in worldwide financial relations” states that Guatemala benefited from 25 p.c of those sources in 11 years, whereas Costa Rica obtained 21 and Panama 19 p.c.
Other nations such because the Dominican Republic with 15 p.c and Honduras with 14 p.c far exceeded the FDI funds that arrived in El Salvador.
The Bank signifies that European funding barely represents half of what’s channeled from the United States and Latin America to the Central American area.
The doc specified that 64 p.c of the funding that El Salvador acquired from Latin America got here from Central America and the Dominican Republic, leaving the North American, Eastern and Islamic markets removed from investing within the smallest nation on the Central American isthmus.
The development of Latin multinational firms, largely domiciled in international locations resembling Brazil, Chile, Colombia and Argentina, is a attainable purpose why appreciable FDI flows have been seen from these international locations to the Latin American area, eltexto asserted.