Brasília – In October, foreign direct investment (FDI) in Brazil reached US$ 5.55 billion, exceeding the Central Bank’s projection for the period, which was US$ 4 billion. From January to October this year, FDI reached US$ 56.001 billion, as against US$ 29.345 billion during the same period of 2010. The figure is equivalent to 2.47% of the GDP.
According to the joint head of the Central Bank’s Economic Department, Fernando Rocha, the investment was higher than expected because a slowing down of investment in the country did not take place as expected; rather, it should occur in the coming months.
According to Rocha, FDI has not been hit by the external economic crisis. In November, the Central Bank projects that investment should reach US$ 4 billion. Up until the 22nd this month, foreign direct investment reached US$ 2.8 billion. “There are no signs of external uncertainty impacting these flows,” said Rocha.
*Translated by Gabriel Pomerancblum
