Jamaica’s FDI flow declines

Jampro Chairman Milton Samuda

KINGSTON, Jamaica – Jamaica officially received US$551 million in foreign direct investment (FDI) inflows for 2014 or 7.0 per cent less than a year earlier, according to the World Investment Report released at a briefing at Jampro’s head office in Kingston, today.

Jamaica Promotions Corporation (Jampro) reasoned that the fall in FDIs partially reflects increased local direct investments (LDI) by institutions and banks in investment projects.

“We are starting to see the private sector take on that role of investing,” stated Jampro Chairman Milton Samuda.

“We are at an interesting stage of our development,” Jampro President Diane Edwards added.?

The report compiled by United Nations Conference on Trade and Development, made FDI inflow adjustments from an earlier preliminary report by another United Nations body, Economic Commission for Latin America and the Caribbean, on FDI for the island.

Source: http://www.jamaicaobserver.com/business/Jamaica-s-FDI-flow-declines

Published Date: June 24th, 2015