Jamaica attracted US$707 million ($81.3 billion) in foreign direct investments (FDI) over 12 months ending September 2014, according to the recently published Quarterly International Investment Position report from the Bank of Jamaica (BOJ).
The preliminary FDI inflows for the period largely reflected new equity inflows for infrastructure and tourism projects, stated the BOJ.
“Furthermore, the inflows of new equity FDI is an indication that foreign investment projects are still in the expansion phase as opposed to the saturation phase when FDI inflows would have largely reflected reinvested earnings,” added the BOJ.
Published in the Observer
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