Business groups say lack of confidence in Colombia led to slump in foreign investment in 2024 - Latin America Reports

Business groups say lack of confidence in Colombia led to slump in foreign investment in 2024 - Latin America Reports

Medellín, Colombia — Foreign Direct Investment (FDI) into Colombia fell by 15.2% according to Banco de la República, the country’s central bank. According to newspaper El Tiempo, this represents about $2.5 billion fewer dollars invested in Colombia last year as compared to 2023.  The decline in FDI primarily affected key industries such as mining and oil extraction, agriculture, manufacturing, transport, and communications, among others.  On the…