Foreign direct investment breaks record
USD 11.5 billion were invested in Brazil’s productive sector last month, the highest amount for a January since the Brazilian Central Bank began keeping records, in 1995.
São Paulo – Foreign direct investment (FDI) in Brazil – i.e. investments made in the country’s productive sector – hit USD 11.528 billion in January 2017, the Brazilian Central Bank reported this Friday (17). It was the highest amount for a January since 1995, when record-taking began. In January 2016, FDI had reached USD 5.455 billion.
According to the head of the Central Bank’s Economic Department, Tulio Maciel, it is uncommon to see such an influx early in the year. Maciel explained that the result was fueled by operations in the electric power sector. “We had electric power industry acquisitions in the month,” he said.
*Translated by Gabriel Pomerancblum