Foreign direct investment in Colombia has gone up almost 25% in the first four months of 2012 compared with the same period last year, the country’s trade minister said Sunday.
According to a statement on the ministry’s website, “as of May 4 the FDI reached $6.0559 billion and that this was an increase of 24.5% over the same period in 2011. Given this, the government expects that FDI will reach 15 billion by the close of this year.”
“These investment figures that we are reaching confirm the positive momentum that the Colombian economy is undergoing, not to mention the legal certainty that is now provided to foreign investors,” said Minister Sergio Diaz-Granados.
According to the minister, 80.1% of the foreign investment funds, more than $4.85 billion, went to the oil and mining sector.