Argentina has registered investment projects for an amount of 30 400 million USD in 2018

Argentina registered 303 projects investment for a total of $ 30,400 million throughout 2018, mainly in oil and gas, transport and infrastructure and mines.

These three sectors together they accounted for 65% of the total, according to "Investment Monitor" produced monthly by the Argentine Agency for Investment and International Trade (AAICI), an agency of the Ministry of Production and Labor and the Ministry of Foreign Affairs.

According to the report, only in December on 2018, the investment announcements were 24 and totaled USD 5.740 million, in Brazil, France, the United States and Canada.

AAICI said the investment "continued to be affected in December as a result of the slowdown in economic activity, the higher costs of importing machinery and equipment and the less access to credit which affects private construction ".

In addition, he pointed out that during the last month of last year, imports of equipment goods for 580 million USD, with a decrease in agricultural machinery equipment (mainly tractors and harvesters) and construction equipment (bulldozers, excavators), while the purchase of generators badociated with wind projects increased.

In all 2018, the imports of machinery and equipment were reduced by 3 percent.

"In 2018, some sectors They maintained their dynamism (oil, gas, renewable energies) and others are beginning to show signs of reactivation, as is the case of the manufacture of agricultural origin. Although last year was marked by macroeconomic and external factors that influenced the 2017 announcement rate tendency to recovery by the middle of this year, "said the director of the agency, Francisco Uranga.

The provinces in which investment announcements made the most progress were Missions (+ 200%)Between the rivers (+ 125%), Salta (+ 100%), Catamarca (+ 85%) and Córdoba (+ 50%), reported the AAICI.

In addition, the entity recognized that from second half of 2018 "there was a slowdown following the trade instability, which led investors to wait for a more favorable scenario to continue their projects ".