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The Chilean economy continues to show signs of recovery. Now, one of the components of investment has shown obvious signs of improvement. It is foreign direct investment (FDI), whose first-quarter flows of 2018 have reached the highest level since the registration (2003).
According to Central Bank figures, and published by InvestChile, between January and April, 8.475 million dollars went into the country, an amount that far exceeds that recorded in the same period of 2017, which is equivalent to 655% increase compared to the same period of 2017.
The figure exceeds 24.3% Total amount of investments accounted for in 2017 (6,419 million euros)
The element the The most important flow of the period was the reinvested earnings of $ 4,240 million. Second, there were holdings for a net amount of $ 2,346 million, and third, debt instruments were placed, which reached 1,889 million.
The director of InvestChile, Ian Frederick, commented that "This is a figure that is undoubtedly marked by high dollar transactions in our country, both in the US and abroad. investment and in the acquisition of companies, which demonstrates the confidence of foreign companies in our market.
19659007] According to the latest report of the Economic Commission for Latin America and the Caribbean (ECLAC), in 2017, FDI inflows to Chile decreased for the third year in a row, reaching 6.419 million dollar, a level close to 1993. This prolonged decline in investment was related to the decline in copper prices between 2011 and 2016, as well as to the excess capacity generated during the price period.
In 2017, capital inflows and inter-subsidiary loans declined, registering a negative inflow for the first time in 10 years. This change was partially offset by a higher reinvestment of earnings.
ECLAC predicted that by 2018, FDI flows should increase, on the one hand, through the completion of previously announced projects, particularly in the sector. renewable energies – and, on the other hand, because of the better prospects that can be seen since early 2017 in the trend of copper prices, which could increase mining production and make new projects profitable. In addition, early 2018, the US group Bordeaux Holdings completes the purchase of Banmedica for $ 3,391 million.
It drops 0.95% against the dollar
The Chilean peso suffers its biggest depreciation since May 15
The escalation of the US-China trade war, which threatens global growth, has to again had an impact on the world foreign exchange market and particularly on that of Chile.
Yesterday, at the close of trading on the local interbank market, the Chilean peso depreciated by 0.95% against the dollar after closing at 653.3 pesos, or 6.2 more compared to the previous day's close
This is the biggest daily depreciation since May 15. This depreciation of the local currency comes in a context of declining risky assets in general.
The world's major stock markets fell and currencies in emerging economies lost ground as a whole, with the exception of the Indian rupee. These quotes add to the fear and uncertainty generated by the US-China trade war, after Donald Trump announced on Tuesday a new list with more rights-bound Chinese products. customs in the world's largest economy.
bill at the price of copper which also had an impact on the Chilean peso.
"Risk aversion returns to markets again with Trump, in this way we see an appreciation of the dollar against developed currencies and potentially on emerging LatAm currencies, which have shown a depreciating effect," Bank of Credit and Investments said in a report.
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