The second quarter begins with a promising increase in foreign investment compared to last year.
The latest report from the balance of payments by the Banco de la República reveals that in April 2023, Colombia received an injection of US$1.951 billion in Foreign Direct Investment. This significant increase highlights the growing interest in investment opportunities in the country.
This positive development is preceded by a quarter in which the figure for Foreign Direct Investment (FDI) reached US$2.852 billion, showing a 25.3% increase compared to the same period last year.
Arnoldo Casas, Director of Investments at Credicorp Capital, has emphasized a favorable outlook for Foreign Investment in Colombia based on the recent positive results. Casas envisions a change in the composition of FDI in the coming years, driven by the implementation of reforms and policies that will restrict petroleum and mining activities, paving the way for increased investment in renewable energies and other attractive sectors for companies, such as infrastructure and technology.
María Claudia Lacouture, President of the Colombo American Chamber of Commerce, has also highlighted promising opportunities for foreign investment in sectors such as agriculture, clean energy (especially solar and wind), and environmental protection. Lacouture emphasizes that Colombia has established itself as one of the most attractive destinations for foreign investment in Latin America, thanks to its dynamic domestic market, the growth of the population with access to higher education, and widespread compliance with international regulatory standards.
Furthermore, Lacouture emphasizes the need to establish incentives that promote business growth, attract investors, and foster the creation of formal jobs, as she considers these measures fundamental to promoting the country's economic growth.