U.N.: Caribbean Foreign Direct Investment Fell 18 Percent in 2010

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ECLAC headquarters in Santiago, Chile

By the Caribbean Journal staff

A report released yesterday showed Latin America with a larger increase in foreign direct investment than any other region last year, but the Caribbean did not fare as well, according to the U.N.’s Economic Commission for Latin American and the Caribbean. While Haiti saw a dramatic 303 percent increase in foreign direct investment, the Caribbean as a whole saw an 18 percent drop according to the report, which was presented Wednesday in Mexico City. Anguilla saw the biggest drop among Caribbean countries listed, with a 47 percent reduction in foreign investment compared to 2009. The data is based on estimates and official figures as of Apr. 15. The commission said data was not available for Barbados and Jamaica for 2010. There was a total of just under $4 billion in foreign direct investment for the Caribbean in 2010.