Brasília – Foreign direct investment (FDI) in Brazil should reach US$ 3 billion this month, according to a projection issued by the Central Bank this Thursday (24th). From May 1st to 22nd, US$ 2.1 billion entered the country, less than half the April figure, which was US$ 4.669 billion.
Despite the month-on-month decline, the joint chief of the Central Bank’s Economic Department, Fernando Rocha, said FDI is behaving in line with the US$ 50 billion annual projection. Rocha said monthly fluctuations are normal.
“The movement is in keeping with the decline in FDI flows projected by the Central Bank,” he said. According to him, despite being lower than last year’s record (US$ 66.66 billion), the projection for this year “represents a significant inflow” of capital.
From January to April this year, FDI in Brazil reached US$ 19.608 billion, as against US$ 23.055 billion in the same period of 2011.
*Translated by Gabriel Pomerancblum
