Foreign Direct Investment (FDI) in Panama reached B /. 1705.8 million during the first quarter of 2015, an amount that exceeds B /. Balboas 415.5 million or 32.2% investment in the same period last year, according to the latest report released by the National Statistics and Census Institute (INEC) of the Comptroller General of the Republic.
This investment was mainly oriented towards the hotel, banking, real estate, electric, commercial and manufacturing sectors; and it was stimulated largely by investor confidence in Panama and its favorable prospects, thanks to the strategic location of the country, sustained growth and high returns on public and private projects that are developed in the country.
“Panama offers favorable conditions for foreign investors to reinvest their profits, and the amount of these additional investments are a massive vote of confidence in the business climate and Panamanian institutions,” said Director of Social and Economic Analysis of the Ministry of Economy and Finance (MEF), Rogelio Alvarado.
FDI in Panama is mostly made up of reinvested earnings (B / 1114.6 million in 2015), contributing to the stability of the institutional framework of a country.
Given an accumulated data recorded in the past three years, Alvarado added that foreigners have contributed B / additional 11.214 million to the Panamanian economy.
INEC’s report detailing the composition of FDI comprising 65% of reinvested profits; 22% to purchases of shares in local companies by non-resident investors and the remaining 13% to the item “Other capital”.
Companies located in the Colon Free Zone, also contributed to the increase in FDI from Panama in the first quarter, bringing B / 123.7 million, a 17% increase over March 2014.
Ernesto Chong de León, Ernesto Emilio Chong Coronado
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